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Why Trump’s trade war doesn’t faze this central bank chief

Frankfurt | Christine Lagarde has urged Europe’s political leaders to co-operate with Donald Trump over tariffs and buy more products made in the US, warning that an acrimonious trade war risks wiping out global economic growth.

The European Central Bank chief said in her first interview since Trump won his second presidential term that the EU needed “not to retaliate, but to negotiate” with a president-elect who has threatened a blanket tariff of up to 20 per cent on all non-Chinese US imports.

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Financial Times

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