Internet reports that European Central Bank Deputy President Luis de Guindos said that if Trump implements the import tariff levels he threatened during the election campaign, global economic growth and inflation could face a devastating impact. Guindos said at an event in London on Wednesday that economic output will weaken, price pressures will increase and existing trade flows will be disrupted. The ECB will incorporate any policies announced by the new U.S. administration into its outlook before deciding how to respond. Guindos said policymakers will continue to be guided by data and pay special attention to bank loan surveys to determine whether the financing environment is stimulating or restrictive. He said the forecast due next month would not differ much from September.