European Central Bank (ECB) President Christine Lagarde described in a Monday interview with France Inter a potential trade war between the European Union and the United States as a "lose-lose scenario."
Still, Lagarde also noted that United States President Donald Trump's tariffs on the bloc could give it a chance to "show independence." Commenting on inflation in the Eurozone, she stressed that keeping it "in check" is a "constant battle" as the figure must go down to its target of 2% in "a durable manner." "To do this, we need to have an interest rate that is carefully set," she said.
Previously, Lagarde's ECB colleague Luis de Guindos warned that Trump's tariffs could negatively impact the global and European economies, but also the US's, particularly when it comes to growth.
