Speaking in an interview with CNBC on the sidelines of the annual meetings of the World Economic Forum (WEF) in Davos on Wednesday, European Central Bank (ECB) President Christine Lagarade said that “no US tariffs is what I expected, and it is a smart approach.”
She added, “This does not mean to say that this will not happen, it will be more selective.”
Additional quotes
I was not surprised by Trump’s tariff threats.
Europe must be prepared and anticipate what will happen in order to respond.
Market reaction
EUR/USD was last seen trading 0.11% lower on the day at 1.0415.