ECB President Expresses Concerns Over Trump's Tariff Plans

European Central Bank (ECB) President Christine Lagarde has 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 emphasized 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 stressed the importance of adopting a cautious approach, suggesting that it might be wise to "stop and hold" until more clarity is achieved.

Focusing on Domestic Strengths

Amid these challenges, Lagarde advised focusing on "what we can do at home", underscoring the need for resilience and self-reliance in uncertain times.