February 22, 2026

Market reacts as ECB’s Lagarde warns new US tariffs risk renewed disruption to global trade

Business

Stock markets react to ECB President Christine Lagarde's warning on US trade policy. Uncertainty around new tariffs could lead to disruptions for businesses and consumers. Lagarde emphasizes the need for clarity in trade and investment rules, hoping for well-thought-out tariff plans that are constitutional. She highlights the impact of tariffs on consumers and defends central bank independence. Lagarde reaffirms her focus on euro area price stability and completing her term.

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