💬 The President of the European Central Bank, Christine Lagarde, stated that in the event of a real trade war, where trade is significantly restricted, it will have serious consequences for economic growth and prices worldwide, especially in the United States.
Source: Bukvy
📉 Lagarde noted that Trump’s tariff policy and the corresponding countermeasures raise concerns, which will force Europe to be “extremely vigilant” due to the high level of uncertainty.
🌐 Meanwhile, the Kiel Institute for the World Economy predicts that U.S. tariffs on steel and aluminum imports will cause more harm to the U.S. than to the EU. The European Commission reports that mirror tariffs from the EU will affect exports of American goods worth 26 billion euros.
🛡️ Lagarde also emphasized the positive side of the situation, calling it “a great wake-up call for Europe,” and stated that it could become “a European moment” for increasing defense spending.
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