European Central Bank Warns of Trump Tariffs

Christine Lagarde, President of the European Central Bank, pointed to the importance of Europe's readiness to confront potential tariffs from U.S. President Donald Trump.


European Central Bank Warns of Trump Tariffs

The head of the European Central Bank, Christine Lagarde, stated that Europe needs to be prepared and anticipate the possible introduction of import tariffs by U.S. President Donald Trump. According to Lagarde, "We must find new friendly relations and partnerships in trade." She also added, "We need to develop a list of the most protected open markets in the world, where rules are mandatory." The ECB chief emphasized that Europe needs to start working on a "normative telephone directory" for various markets.