European Central Bank (ECB) head Christine Lagarde urges Europe’s preparedness in anticipation of potential trade tariffs as newly inaugurated President Donald Trump aligns with America First Policy. 

On Wednesday, January 22, Lagarde informed CNBC that Trump has yet to impose blanket tariffs on the first day of return to the White House. The ECB head indicated that failure to impose blanket tariffs was an innovative approach since such hardly yielded the desired results.

Lagarde indicated that she anticipated Trump tariffs to be more selective and focused. For this reason, she urges preparedness in Europe regarding what would happen to respond promptly. 

Prepare for US Tariffs

Speaking to CNBC’s Karen Tso during the ongoing World Economic Forum (WEF) in Davos, the ECB president reflected on Trump’s promise to impose import tariffs. 

In his campaign to become the 47th president, Donald Trump hinted at imposing tariffs on EU imports. Upon his inauguration,

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