ECB President Lagarde Advocates Dialogue Over Retaliation to Trump's Tariff Plans

Christine Lagarde urges Europe to pursue collaborative trade solutions as Donald Trump proposes substantial tariffs on imports from key trading partners.

• Christine Lagarde, President of the European Central Bank, has called for a measured response to potential new U.S. tariffs under President-elect Donald Trump, warning against retaliation.
• Lagarde suggested that Europe could offer to increase imports of certain U.S. goods, such as liquefied natural gas or defense products, as a gesture to encourage negotiations.
• Trump has announced plans to impose a 25% tariff on imports from Mexico and Canada, with additional tariffs of 10% on Chinese goods and broader increases on foreign imports.
• Lagarde emphasized that a trade war would harm both the U.S. and Europe, advocating for solutions that prioritize cooperation over conflict.
• European policymakers are concerned about the potential economic impact of U.S. tariffs, including higher inflation and slower growth in the Eurozone.

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