The European Central Bank meets on Thursday for the first time since Donald Trump returned to office, leaving U.S. tariff threats looming over the euro zone's sluggish economy and potentially complicating the economic outlook.

The European Central Bank accelerates the development of the digital euro to counter the economic policies of former President Donald Trump.

The European Central Bank has cut interest rates and kept the door open to further policy easing as concerns over lacklustre economic growth supersede worries about persistent inflation.

KIRILL KUDRYAVTSEV / AFP The European Central Bank cut interest rates again Thursday, January 30, and signaled more to come as the eurozone economy flatlines while warning of trade tensions and uncertainty amid American President Donald Trump's protectionist agenda.

"Shameful", reads the Daily Mirror's headline as it covers Donald Trump's blame for the Washington air collision on diversity hires. The paper calls it a "new low" for what is says is the deadliest air tragedy in the US since 2001. The paper quotes the former US transport secretary as saying: "Trump should be leading, not lying".

The global economy is on edge as U.S. President Donald Trump's proposed tariffs ripple across financial markets, sparking volatility and shifts in currency values. The U.S. dollar – which had recently reached a two-year high earlier this month – has shown signs of weakness amid investor uncertainty and fallen to a two-week low,

The European Central Bank cut interest rates again Thursday and signalled more to come as the eurozone economy flatlines, while warning of trade tensions and uncertainty amid US President Donald Trump's protectionist agenda.

On Thursday, the European Central Bank decided to lower interest rates by 0.25 percentage points. This action is justified by the expected achievement of the inflation target at 2 percent. After the announcement,

Gold smashes through all time high as ECB cuts rates and US GDP disappoints; Demand for physical gold surging as world gets jittery on Trump agenda and global geopolitical uncerta

The ECB announcement will follow the Federal Reserve's decision to keep US borrowing costs on hold Wednesday as inflation.

ECB chief Christine Lagarde (pictured) said the single currency bloc was 'set to remain weak in the near term' as the rate was cut from 3% to 2.75%.