
Paris – On Monday, the president of the European Central Bank emphasized the need for Europe to pursue greater independence in order to safeguard its interests against U.S. tariffs.
Christine Lagarde, speaking on France Inter radio, remarked, “While he refers to it as ‘liberation day’ in the United States, I believe this is a pivotal moment for us to collectively take charge of our future. It represents a step toward independence.”
As President Donald Trump prepares to announce new “reciprocal” tariffs on Wednesday, targeting steel, aluminum, and automobiles, significant changes to global trade rules are anticipated, particularly impacting Europe.
Lagarde underscored the importance of maintaining a strong negotiating stance, stating, “To negotiate effectively, one must demonstrate a willingness to stand firm.” She also warned that “a trade war ultimately leaves everyone as a loser.”
The European Central Bank forecasts that the eurozone’s GDP could decline by 0.3%, with a potential 0.5% drop if Europe responds to the tariffs, in the first year following these developments. (March 31, 2025)













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