ECB head Lagarde urges EU to buy US goods to avoid trade war, stressing diplomacy over tariffs.

ECB President Christine Lagarde urges EU leaders to avoid a trade war with the US by negotiating and increasing purchases of American goods like weapons and LNG. Lagarde warns that a trade war would harm global GDP and suggests the EU should use a "checkbook strategy" to buy US products rather than retaliate against potential tariffs. She emphasizes the importance of diplomacy in addressing trade tensions.

November 28, 2024
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