Trump's trade war is 'wake-up call' for Europe

The tariff conflict between Donald Trump and the EU is intensifying. According to ECB President Christine Lagarde, this is particularly hard on the US. For Europe, the dispute is also an opportunity.

European bank president says global trade war would hurt US

"If we were to go to a real trade war, where trade would be dampened significantly, that would have severe consequences," European Central Bank President Christine Lagarde said.

Trump's trade war is 'wake-up call' for Europe

A full-scale global trade war would hurt the US in particular and could re-energise Europe's push towards unity, European Central Bank President Christine Lagarde said today.

Learning from the First Trade War: Retaliation Hurts US Exporters

As we learned in the first trade war, retaliation will exact harm on US exporters by lowering their export sales—and the US-imposed tariffs will directly harm exporters too. US-imposed tariffs can burden exporters by increasing input costs, which acts like a tax on exports.

EXCLUSIVE MAINTENANCE — As governor of the Bank of France, François Villeroy de Galhau deplores the trade war launched by Donald Trump, but sees it as an opportunity for Europe. And for France if it manages to reduce its deficit.

European Central Bank President Christine Lagarde warned on Friday that "a full-blown global trade war would hurt the United States in particular," while it could "reinvigorate Europe's efforts toward closer unity."