The European Central Bank pointed hard against Donald Trump: he accused him of causing more uncertainty than during the pandemic

The policies of the president of the United States, Donald Trump, It is creating more “uncertainty” for the world economy than at the time of the Covid-19 pandemic, said the vice president of the European Central Bank (ECB).

In its inflation projections, the ECB must “take into account the uncertainty of the current environment, which is even greater than what it was during the pandemic,” said the Spanish Luis de Guindos in an interview on Sunday with the Sunday Times.

The perspective of the tariffs imposed by the United States and the responses of its commercial partners, cause “Many uncertainties” and make “the current situation very volatile”, Add the number two of Christine Lagarde.

“It seems that a new tax is imposed every day, or an announced tax is withdrawn,” The former Spanish Economy Minister points.

From his return to power in January, Trump launched a series of commercial offensives against his allies and his competitors, claiming that the United States has been treated unfairly in international trade. “A commercial war would be a situation of ‘loss-perder’ for all” because it would penalize growth, said of Guindos. Despite this context, “the disinflation process is on the right track,” he says.

The ECB considers that Inflation close to 2% guarantees price stability and reinforces the trust of homes and companies to consume and invest.

Lagarde, president of the ECB, warns of the economic blow of Trump’s commercial wars

A large -scale commercial war triggered by the climb of tariff threats of the president of the United States, Donald Trump, SIt would be a hard blow for world growth and inflation, The president of the European Central Bank (ECB), Christine Lagarde said in a recent interview with the ‘BBC’. Lagarde warned that the increase in tensions between The United States and Europe could have “serious consequences”, particularly for prices and economic stability.

With Trump threatening with 200% tariffs on wine and other EU exports, in addition to “reciprocal tariffs” that will begin next month, Lagarde made it clear that protectionist measures will harm all parties involved. The United States is a key market for European alcohol producers, since it will represent about a fifth of the products of beverages, liquors and vinegars exported by the EU in 2024, according to data from the International Trade Center.

“Everyone will suffer” in a commercial war. “If we reached a true commercial war in which trade was significantly reduced, that would have serious consequences,” he said. “For growth worldwide and for prices worldwide, but especially in the United States.” Since his return to power in January, Trump has reactivated his aggressive tariff agenda, gradually climbing global commercial tensions.

The BCE president said such measures They are already braking business activity through greater uncertainty for companies, consumers and investors. “The one who begins, the one who retaliates, the one who returns to retaliate, etc., etc.: all that will harm growth in general,” he said. “Everyone will suffer; this is a constant in the history of commerce.”