How Europe plans to resist Trump's threats of tariffs

The President of the European Central Bank (ECB), Christine Lagarde , believes that Europe faces an existential threat, which can be aggravated by Donald Trump's stance at the head of the US government, where political leaders, businesses and legislators must "put themselves to work" to become a genuine single market.

How Europe plans to resist Trump's threats of tariffs

Donald Trump has a crude understanding of trade. “Trade tariffs are the greatest,” he has said, adding that “tariff” is “the most beautiful word in the dictionary.”Heading into last year’s US election, he threatened tariffs of 10 to 20 per cent on imports from friends and foes alike, including the European Union.Despite campaign promises, Trump did not impose any new trade tariffs on the first day of his second term. Still, he laid out plans for…