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Lagarde Says US Tariff Moves Risk Upsetting Equilibrium With EU

Alexander Weber
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⚡ Quantum Brief
European Central Bank President Christine Lagarde warned Sunday that former President Donald Trump’s latest tariff proposals threaten to destabilize the fragile US-EU trade balance established through prior negotiations. The tariffs, imposed via contested emergency powers, were struck down by the US Supreme Court but could still create economic headwinds if revived, Lagarde cautioned during a CBS Face the Nation interview. Lagarde emphasized the "critically important" need for clarity in transatlantic trade relations to avoid further economic uncertainty amid lingering post-pandemic recovery challenges. The remarks underscore growing EU concerns over protectionist US policies, which risk reigniting trade tensions that had eased under the Biden administration’s diplomatic approach. Analysts note the tariffs could disrupt supply chains and inflation forecasts, complicating the ECB’s monetary policy decisions in an already volatile global economic landscape.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Trump’s Tariffs:European Central Bank President Christine LagardePresident Donald Trump’s latest tariff moves risk upsetting the previously negotiated “equilibrium” between the European Union and the US and could pose a new headwind to the economy, European Central Bank President Christine Lagarde said on Sunday.It’s “critically important” to have clarity about the future of the trade relationship, Lagarde told CBS’s Face the Nation after the US Supreme Court struck down Trump’s use of an emergency-powers law to impose his so-called reciprocal tariffs around the world.

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Source: Bloomberg Markets

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