Lagarde Expresses Confidence in US-EU Tariff Discussions

In a recent interview with CNBC, European Central Bank President Christine Lagarde shared her optimism regarding the potential for productive tariff discussions between the United States and the European Union. She also voiced her hope that the dismissal of Federal Reserve Chair Jerome Powell by US President Donald Trump would not occur.

Impact of US Trade Policy on EU Outlook

Lagarde highlighted the dual impact of US trade policy on the EU's economic outlook, noting that while there are both positive and negative aspects, the overall effect of tariffs remains to be seen. She reassured that a recession in the EU is not anticipated, though she mentioned that tariff negotiations could extend another 75 to 100 days.

Call for Fair Trade Practices

Emphasizing the fairness of Europe's trade practices with the US, Lagarde stressed the importance of careful attention and consideration in maintaining the US-EU relationship. Her comments reflect a cautious yet hopeful stance towards resolving trade tensions through dialogue.