ECB President Criticizes Potential U.S. Tariffs

In a recent interview with Irish radio station Newstalk, European Central Bank (ECB) President Christine Lagarde expressed concerns over President Donald Trump's planned tariffs. "It won't be good for the global economy," Lagarde stated, highlighting the uncertainty surrounding the specifics of these tariffs.

Uncertainty Dampens Investment Appeal

Lagarde pointed out that the ongoing trade wars and the lack of clarity on Trump's tariff strategy are making U.S. markets "less attractive" for investors. She emphasized the need to "stop and hold" until more definitive information becomes available.

Focus on Domestic Strengths

Amid these uncertainties, the ECB president advised focusing on "what we can do at home" to bolster economic resilience. Whether the tariffs will be blanket or sector-specific remains unclear, but Lagarde's message is clear: preparation and caution are paramount.