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Trump tariffs should start ‘march to independence’ for Europe, says ECB chief Lagarde

U.S. President Donald Trump’s imposition of tariffs on the EU should be the start of a "march to independence" for the continent, European Central Bank President Christine Lagarde said Monday.

In an interview with France Inter two days before the U.S. president’s 25 percent tariff on automobile imports is due to take effect, Lagarde said the moment represented a unique opportunity for Europe, despite the likely short-term disruption to the economy.

“I consider it a moment when we can decide together to take our destiny into our own hands, and I think it is a march to independence,” she argued, adding that this applied to the fields of finance and information technology as much as to defense and energy.

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