BBC World Service - Newshour, Trump's tariff announcement

BBC World Service - Newshour, Trump's tariff announcement

The head of the European Central Bank says Donald Trump's sweeping new tariffs - to be announced later - will have a negative impact across the world. Christine Lagarde said the damage would depend on the extent of the tariffs. But what might President Trump's tariffs mean for the global economy? We hear from Roberto Azevedo, a former director general of the World Trade Organization. Also, the American actor, Val Kilmer, who appeared in Top Gun,…

Trump's tariffs will be negative the world over, says ECB's Lagarde

By Padraic Halpin

US President Trump is intensifying his already drastic customs course. In the Rosengarten des Breiten Haus he makes a hard announcement to trading partners. The EU is unlikely to be pleased.

U.S. tariff policies are generating global uncertainties and will have a negative impact on the whole world, warned European Central Bank (ECB) President Christine Lagarde on Wednesday. The tariffs announced by U.S. President Donald Trump on April 2 are going to "de-stabilise the world of trade as we know it," she added. She also insisted that "it will be negative for everyone and the density and durability of the impact will vary depending on t…

On Trump's so-called “Liberation Day” for the USA, Lagarde said, in an interview with the Irish radio program “The Pat Kenny Show”, that the impact of the announcement of the tariffs “will not be good for those who impose the tariffs nor for those who retaliate”. “As of today, when they are due to be announced, we don't really know what the agreement will be for the rest of the world, what we do know is that it will not be good for the global ec…

US tariff policies are generating global uncertainties and will have a negative impact around the world, European Central Bank President Christine Lagarde warned Wednesday. “It will be negative for everyone and the density and durability of the impact will vary depending on the scope, encumbered products, how long and whether there are negotiations or not,” Lagarde told Newstalk radio in Ireland. He pointed out that tariff escalation does not on…