Lagarde Expresses Concern Over Trump's Tariff Plans

European Central Bank (ECB) President Christine Lagarde voiced her concerns regarding the potential impact of United States President Donald Trump's proposed 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 underscored their likely negative effects.

Uncertainty and Its Impact on Investments

Lagarde pointed out that the increasing uncertainty due to ongoing trade wars is making investments in the US markets less attractive. She advised a cautious approach, suggesting that it might be wise to "stop and hold" until more clarity is available.

Focusing on Domestic Strategies

Amid these global uncertainties, Lagarde emphasized the importance of concentrating on domestic strategies to mitigate potential adverse effects. She remarked, "What we can do at home" should be the priority in these turbulent times.