Speaking in a CNBC interview on the sidelines of the World Economic Forum (WEF) annual meetings in Davos on Wednesday, European Central Bank (ECB) President Christine Lagarade said that “no US tariff is what I expected, a smart approach.”
She added that “doesn't mean to say it won't happen, will be more selective.”
Additional quotes
Not surprised by Trump's tariff threats.
Europe must be prepared and anticipate what will happen in order to respond.
Market reaction
EUR/USD was last seen trading 0.11% lower on the day at 1.0415.
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