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ECB’s President Lagarde urges EU to negotiate with America on tariffs before striking back.
Christine Lagarde, the European Central Bank President, is calling on the European Union to think strategically and engage in direct negotiations with America instead of rushing into retaliation over incoming tariffs.
President-elect Donald Trump has announced massive tariffs: 60% on Chinese imports and 10-20% on imports from other countries, including Europe. Lagarde warned that these measures, if unchallenged or met with a knee-jerk reaction, could start a global trade war that would benefit no one.

Trump’s tariff plans are not entirely clear. While he revealed the numbers, he left out crucial details such as how they’ll be applied, which sectors they’ll target, or whether exceptions will be made. “We need to understand the scope,” Lagarde said.

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