Thursday, Apr 3 2025 | Time 18:38 Hrs(IST)
World


US tariffs harmful to the world: ECB chief

US tariffs harmful to the world: ECB chief

Brussels, Apr 2 (UNI) The United States' tariff policies are adding to global uncertainties and will have a negative impact worldwide, European Central Bank (ECB) President Christine Lagarde said on Wednesday.

"It will be negative the world over, and the density and the durability of the impact will vary depending on the scope, on the products targeted, on how long it lasts, and on whether or not there are negotiations," Lagarde told Newstalk radio in Ireland.

She noted that tariff escalations harm not only those targeted but also those who impose them. Such disputes, she said, often conclude with parties returning to the negotiating table.

Lagarde emphasised the rising levels of uncertainty, with U.S. tariff measures being a significant contributing factor. "We simply don't really know to this day -- which is supposed to be the day when it is announced -- what the deal will be for the rest of the world," she said. "Predictability is in very short supply at the moment."

In a recent interview with a French radio programme, Lagarde also suggested that the U.S. tariffs could serve as a wake-up call for the European Union. "We can decide together to take our destiny into our own hands, and I think it is a march to independence," she said. UNI XINHUA AKT SSP

More News

43 individuals face punishment for fatal coal mine accident in China's Heilongjiang

03 Apr 2025 | 11:30 AM

Harbin, Apr 3 (UNI) A total of 43 individuals should be punished for their roles in a deadly coal mine accident and subsequent cover-up in northeast China's Heilongjiang Province, an investigation report revealed Thursday.

see more..
Russia-US dialogue important regardless of politics - RDIF Head Dmitriev

Russia-US dialogue important regardless of politics - RDIF Head Dmitriev

03 Apr 2025 | 11:23 AM

Moscow, Apr 3 (UNI) Dialogue between Russia and the United States is important regardless of politics, it is about building a safer and more prosperous world, Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), said.

see more..
Death toll from Myanmar earthquake rises to 3,085 - Reports

Death toll from Myanmar earthquake rises to 3,085 - Reports

03 Apr 2025 | 11:20 AM

Beijing, Apr 3 (UNI) The death toll from the earthquake in Myanmar has risen to 3,085, Xinhua reported, citing the information team of the country's State Administration Council.

see more..
Devastating earthquake in Myanmar leaves widespread destruction

Devastating earthquake in Myanmar leaves widespread destruction

03 Apr 2025 | 11:20 AM

Yangon, Apr 3 (UNI) As of April 2, the powerful earthquake that struck Myanmar on Friday has caused widespread destruction, damaging homes, offices, schools, religious sites, hospitals, and farmland, state-run daily Myanma Alinn reported Thursday.

see more..

WHO faces 2 5 bln USD funding gap as US announces withdrawal

03 Apr 2025 | 10:55 AM

Geneva, Apr 3 (UNI) The World Health Organization (WHO) is facing a budget gap of 1.9 billion U.S. dollars for 2026 and 2027, along with a 600-million-dollar deficit through 2025, according to media reports on Wednesday.

see more..