ECB President Expresses Concerns Over Trump's Tariffs

European Central Bank (ECB) President Christine Lagarde has raised concerns about the potential negative impact of United States President Donald Trump's forthcoming tariffs on the global economy. In a recent interview with Irish radio station Newstalk, Lagarde highlighted the uncertainty surrounding the specifics of these tariffs but was clear about their detrimental effects.

Uncertainty and Its Effects on Investment

Lagarde pointed out that the increasing uncertainty due to ongoing trade wars is making investments in the US markets "less attractive". She stressed the importance of pausing and waiting for more clarity before making significant economic decisions.

Focusing on Domestic Solutions

Amid these challenges, Lagarde emphasized the need to concentrate on "what we can do at home", suggesting that internal measures might offer some stability in these turbulent times.