A study by the ECB shows that internal trade frictions in the EU are more costly than the trade tariffs threatened by Trump, suggesting the need to strengthen the single market.

A study conducted by the European Central Bank (ECB) concludes that internal barriers of the European Union generate trade costs equivalent to tariffs of 67% on goods and 95% on services, thus exceeding the trade tariffs threatened by American President Donald Trump. The frictions are caused by differences in regulations, complicated administrative procedures, and anti-competitive practices. ECB President Christine Lagarde emphasizes the importance of harnessing the potential of the single market for Europe's economic prosperity. The study suggests that adopting Dutch standards could reduce these frictions, boosting cross-border trade. Even a modest reduction in barriers could offset the impact of American tariffs. In the current geopolitical context, deeper EU integration becomes essential to cope with external trade tensions.