Overview

• Lagarde warns Trump's protectionist tariffs are shaking decades-old global order and threatening Europe’s export-led growth.
• She argues the euro is poised to capitalize on dollar weakness by deepening trade pacts and fortifying the EU’s legal and geopolitical unity.
• Trump pushed back 50% tariffs on EU goods to July 9, opening conditional negotiations that hinge on substantial concessions.
• The ECB plans a digital euro pilot launch this year with a two-year testing phase to improve cross-border liquidity and reduce reliance on the dollar.
• Lagarde dismissed Trump’s claim that the EU was founded to undermine the US as routine provocation.