European Union finance ministers are set to address the economic impact of U.S. tariffs on EU goods during a meeting led by Andrzej Domanski, the finance minister of Poland. Domanski highlighted the need for tighter integration of the EU's internal market to counter the disruptions caused by tariffs, which could lead to supply chain issues and increased costs for companies. This scenario is expected to affect European growth rates and currencies, leading to adverse effects on consumers and citizens. The European Central Bank's forecast of 0.9% economic growth and 2.3% inflation in the euro zone is now under strain due to recent U.S. tariff announcements. Domanski emphasized the importance of removing EU regulatory barriers to boost trade among EU countries and to show unity in the face of external pressures.
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