Christine Lagarde, President of the European Central Bank, has called on Europe’s political leaders to collaborate with Donald Trump by increasing their purchase of American-made products. She warned that a contentious trade war could jeopardize global economic growth.
In her first interview following Trump’s re-election, Lagarde emphasized the importance of negotiation over retaliation. Trump has proposed imposing tariffs of up to 20% on all non-Chinese imports to the United States. Lagarde suggested that Europe take a pragmatic approach to address these threats, advocating for dialogue to mitigate economic risks.
Source: Stockwatch Cyprus