This is an article from the Financial Times (source here) which discusses the latest capitulating remarks of Christine Lagarde, the president of the ECB who urged European political leaders to cooperate with Donald Trump on customs tariffs and to buy more products made in the United States, warning that an acrimonious trade war risks wiping out global economic growth.
The head of the European Central Bank said in her first interview since Trump became president that the EU should “not retaliate, but negotiate” with a president-elect who has threatened to impose a blanket tariff that could go up to 20% on all non-Chinese US imports.
Christine Lagarde also warned that a “large-scale trade war” was “in no one’s interest” and would lead to “a reduction in global GDP”. In response to Trump's claims that he could “make America great again”, the ECB president said: “How can we make America great again if global demand is down?” »
Trump's victory has raised concerns among national governments and officials in Brussels, who fear the tariffs could wipe out the EU's large trade surplus with the United States and incentivize the region's manufacturers to relocate their production there.
According to Christine Lagarde, Europe should face a second Trump term with a “checkbook strategy” in which it would offer to “buy certain things from the United States”, such as liquefied natural gas and energy equipment. defense. “This is a preferable scenario to a strategy of pure retaliation, which can lead to a process of retaliation where no one really wins,” declared the President of the ECB.
Europe is a political dwarf.
European leaders have abdicated all national sovereignty.
They have not brought about the emergence of European sovereignty, for the simple reason that the European Union was designed as a device aimed at destroying nation states in order to definitively submit this European entity… to the United States of America.
Mission accomplished.
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