Trump’s prices should start “March towards independence” for Europe, explains the chief of the ECB Lagarde – Politico

“You cannot say” it’s over, it’s behind us “because, unfortunately, we have a lot of uncertainty, and when Mr. Trump suddenly decides to increase prices on the 25%automotive sector, or to impose reciprocal rates from April 2, which inevitably changes things,” said Lagarde.

In recent days, the BCE board of directors has seemed to separate from the opportunity to reduce interest rates at its next political meeting on April 17.

“We are almost in Target, but we have to stay there,” said Lagarde.

Lagarde has also shown that she was still not convinced by those who argue for the seizure of more than 200 billion euros in the assets of the Russian state frozen in European hearts and depositions. She pointed out that assets are already used as guarantee for Ukraine loans in G7 countries.

“Confiscation is another story, because if we emphasize the application of international law, we must respect international law ourselves,” she explained.

Flying this principle, she suggested, would risk blowing a rare opportunity for Europe to present itself as a safe investment place, at a time when Trump’s efforts to extend the presidential authority on the judicial system raise questions in the minds of investors on the rule of law in the United States

(This story has been updated.)