ECB Chief Christine Lagarde Warns: US Tariffs Could Harm Everyone 🌍
Hey there! Have you ever heard of tariffs? They’re like taxes countries put on things they buy from other places. Recently, the United States has been adding tariffs, and it’s making people around the world worried.
Christine Lagarde, the President of the European Central Bank (that’s like the main bank for Europe), said that these tariffs could be bad news not just for one country, but for the whole world!
She explained that when countries start adding tariffs, it can make things more expensive and create uncertainty. Uncertainty means we don’t know what’s going to happen next, which can be stressful for everyone.
“It will be negative the world over,” Lagarde said. This means that the effects could be felt everywhere, not just in the US or Europe.
Why does this matter? Well, when big countries have disagreements about trade (that’s buying and selling things), it can affect jobs, prices, and even what’s available in stores!
Lagarde hopes that countries will come back to the table and talk things out. She believes that it’s important for everyone to work together to solve these problems.
In fact, she thinks this could be a chance for Europe to become stronger and more independent. “We can decide together to take our destiny into our own hands,” she said.
So, next time you hear about tariffs or trade wars, you’ll know why they’re such a big deal! 🌐
Reference(s):
cgtn.com
