European Economic Commissioner Paolo Gentiloni called U.S.-EU trade relations a stabilizing force that could be disturbed by the president-elect’s tariff plans. Increased protectionism of U.S. trade policy would be extremely harmful to both the United States and to Europe, European Economic Commissioner Paolo Gentiloni said on Friday.

Europe’s economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union’s executive commission said Friday.