Europe should strive to deepen trade ties with non-US partners, the head of the European Central Bank declared Wednesday, as the bloc’s economy launchs to feel the heat from Washington’s tariffs.
ECB chief Christine Lagarde declared that a recently outlined trade deal between the US and European Union had “alleviated, but… not eliminated global uncertainty”: EU exports to the US in June hit their lowest level since the finish of 2023.
The bloc is one of a number of economies reshaping its trading relationships in the face of US tariffs. China has ramped up exports to Southeast Asia and other developing nations, while Japan is mulling entering trade talks with Latin America’s hugegest economic alliance.
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