ECB President Critiques Trump's Tariff Plans

In a recent interview with Irish radio station Newstalk, European Central Bank (ECB) President Christine Lagarde expressed concerns over the potential impact of United States President Donald Trump's upcoming tariffs on the global economy. "We don't know what the deal will be for the rest of the world - but what we know is that it won't be good for the global economy," Lagarde stated.

Uncertainty Looms Over Trade Policies

Lagarde highlighted the uncertainty surrounding whether Trump will implement a blanket tariff or target specific sectors. She emphasized the need to focus on domestic strategies, saying, "it is important to 'stop and hold' until there is more certainty."

Investment Appeal in US Markets Dips

The ECB president also pointed out that the escalating trade wars and associated uncertainties are making investments in the US markets "less attractive." This statement underscores the broader implications of trade tensions on global investment flows.