{"id":136783,"date":"2025-01-23T07:30:34","date_gmt":"2025-01-23T05:30:34","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/europe-must-be-prepared-for-shifting-us-trade-policy-lagarde-warns\/"},"modified":"2025-01-23T07:30:34","modified_gmt":"2025-01-23T05:30:34","slug":"europe-must-be-prepared-for-shifting-us-trade-policy-lagarde-warns","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/europe-must-be-prepared-for-shifting-us-trade-policy-lagarde-warns\/","title":{"rendered":"Europe must be prepared for shifting US trade policy, Lagarde warns"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/136783\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\n<p>ECB President Christine Lagarde urged Europe to prepare for potential US trade policy shifts, warning of selective tariffs under Trump. Speaking in Davos, she stressed the need for economic reforms, defended the ECB&#8217;s cautious rate cuts, and flagged energy prices as key to inflation.<\/p>\n<p>Europe must brace itself for potential shifts in US trade policy, European Central Bank President Christine Lagarde has warned, saying that, while President Donald Trump&#8217;s administration refrained from imposing blanket tariffs on his inauguration day, selective measures could still emerge in the coming weeks. Speaking at the World Economic Forum in Davos on Wednesday during an interview with CNBC, Lagarde stressed the need for Europe to &#8221;be prepared and anticipate what will happen in order to respond&#8221;.<\/p>\n<p><em>Could a trade war with the US be on the horizon?<\/em><br \/>\nTrade is always a big talking point in Davos, but with Trump back in the White House, fears of US protectionism are stealing the spotlight. Europe has long advocated for open markets, not just as a &#8221;moral principle,&#8221; but also because it benefits economically from trade with the US. The eurozone&#8217;s trade surplus with the United States stood at nearly 1% of gross domestic product in 2023, driven by key sectors such as chemicals and pharmaceuticals.<\/p>\n<p>Addressing the possibility of Europe withstanding a trade war, Lagarde acknowledged that, while discussions must continue, the idea that the US could significantly reduce imports from Europe to boost domestic manufacturing is &#8221;questionable,&#8221; because the US economy is \u201crunning hot at the moment\u201d. With the US economy running at full capacity and unemployment at historically low levels, she suggested that replacing European imports with domestic production &#8221;will take a bit of time&#8221;.<\/p>\n<p><em>A renewed push for European competitiveness?<\/em><br \/>\nThe conversation also touched on European competitiveness, an issue that dominated discussions in 2024. Lagarde indicated that &#8221;the diagnosis is done&#8221; regarding Europe&#8217;s economic future, citing reports by former ECB President Mario Draghi and economist Enrico Letta that called for urgent reforms on productivity and innovation amid demographic challenges. Europe&#8217;s response must now be &#8221;action, action, action&#8221;, she insisted.<\/p>\n<p><em>Trump&#8217;s leadership could be catalyst for reform<\/em><br \/>\nLagarde emphasised that Europe moves when it faces an external threat, and the uncertainty surrounding US trade policy could act as a catalyst for reform. She highlighted that Europe&#8217;s economic strength lies in its large consumer market, but internal barriers remain a challenge. &#8221;We created the Single Market\u2026 but we did not finish the job&#8221;, Lagarde noted, pointing out that unresolved barriers to the free movement of goods and services could weaken Europe&#8217;s position in global trade negotiations.<\/p>\n<p><em>Monetary policy: is the ECB falling behind the curve?<\/em><br \/>\nOn monetary policy, Lagarde reinforced the ECB&#8217;s commitment to measured, data-dependent rate reductions, resisting market speculation over the pace and magnitude of the cuts. She reiterated confidence that inflation will fall to the 2% target this year. Markets are currently pricing in multiple ECB rate cuts this year, with some analysts predicting four reductions by summer, bringing rates from 3% to 2%.<\/p>\n<p>Read more&gt;&gt;<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.euronews.com\/business\/2025\/01\/22\/europe-must-be-prepared-for-shifting-us-trade-policy-lagarde-warns\">Euronews<\/a><\/p>\n<\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/csr-news-en\/europe-must-be-prepared-for-shifting-us-trade-policy-lagarde-warns\/\">Europe must be prepared for shifting US trade policy, Lagarde warns<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[555,696,17674],"class_list":["post-136783","post","type-post","status-publish","format-standard","hentry","category-news","tag-csr-news-en","tag-europe","tag-us-trade-policy"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/136783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=136783"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/136783\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=136783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=136783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=136783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}