The European Central Bank (ECB) has made another interest rate cut, responding to heightened concerns over trade war risks that are weighing heavily on the region's economic outlook. The Frankfurt-based institution reduced its benchmark deposit rate by a quarter percentage point, bringing it down to 2.5%, as President Donald Trump readies new tariffs targeting EU exports. This marks the second interest rate cut of the year, aligning with market expectations, amid growing fears of a trade war escalating between the U.S. and the European Union. Christine Lagarde, ECB President, pointed to “high levels of ...