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ECB's Lagarde warns rising U.S. tariffs strain Europe, urging global cooperation on critical minerals amid AI-driven trade shifts.
ECB President Christine Lagarde warned that rising U.S. tariffs—now at 13% on European goods, up from 1.5%—are creating economic strain, with costs currently shared by exporters, importers, and consumers, though she expects consumers to bear more as corporate margins shrink.
She cautioned that while U.S.-China trade tensions are intense, including over rare earth exports, both sides have incentives to negotiate.
Lagarde urged Europe and other nations to act as a unified buyer to counter China’s dominance in critical minerals, stressing that coordinated global action is key amid broader economic shifts driven by AI and trade policy.
Lagarde del BCE advierte que el aumento de los aranceles estadounidenses presiona a Europa, instando a la cooperación global en minerales críticos en medio de los cambios comerciales impulsados por la IA.