As an astute politician himself, Mario Draghi may give Angela Merkel a gift at next week’s ECB meeting, which comes just 2 weeks ahead of the German election, according to Brendan Brown, chief economist and head of economic research at MUFG. Speaking to Bloomberg Daybreak Europe’s Caroline Hepker and Markus Caroline, Brown also discusses President Trump’s tax plan which he says won’t bolster US growth momentum.

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US President Donald Trump reacts after signing executive orders imposing tariffs on imported goods in the Rose Garden at the White House on April 2, 2025, in Washington, DC. (Andrew Harnik via Getty Images)