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Political aide to the governor of Gilan Province in northern Iran: Air defenses in Rasht shot down a small hostile drone flying over the city
Israeli media: The presence of General Qaani at the “victory celebrations” in Tehran puts an end to the rumors and earlier reports claiming he had been assassinated
Israeli media: There is division within the US administration itself over the extent of what the strikes on Iran’s nuclear facilities actually achieved
Israeli media: US intelligence also says Iran’s centrifuges remained largely intact
Israeli media: Netanyahu and Trump celebrated too soon, as US intelligence says Iran’s uranium stockpile was not damaged
Israeli Channel 13: The objectives set by Netanyahu for the operation against Iran have not been achieved
Early US intel assessment suggests strikes on Iran did not destroy nuclear sites, CNN reports, citing sources
Israeli media platform: An additional soldier has been confirmed killed in the serious incident in Gaza, who had previously been considered "missing" for some time
Pezeshkian: History will not forget how Iran’s enemies broke their pledges and agreements, resorting to aggression and invasion even during negotiations
Israeli media: Between 14 and 16 soldiers were injured in the incident, which reportedly involved two separate units at the brigade and division level

Tariff impact on Eurozone inflation to unravel over time: Lagarde

  • By Al Mayadeen English
  • Source: News Websites
  • 17 Apr 2025 19:05
3 Min Read

ECB President Christine Lagarde says the effect of US trade tariffs on eurozone inflation remains uncertain and will become clearer in the future, highlighting ongoing economic unpredictability.

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  • President of European Central Bank, Christine Lagarde, addresses the media during a press conference after an ECB's governing council meeting in Frankfurt, Germany, Thursday, April 17, 2025. (AP)
    President of European Central Bank, Christine Lagarde, addresses the media during a press conference after an ECB's governing council meeting in Frankfurt, Germany, Thursday, April 17, 2025 (AP)

European Central Bank President Christine Lagarde stated Thursday that the full effect of recent US trade tariffs on Eurozone inflation remains uncertain and will only be understood over time.

“The net impact on inflation will only become clear, or clearer... over the course of time,” Lagarde said during a press conference at the ECB headquarters. “There are diverging views... we have a lot of uncertainties still today.”

Lagarde’s remarks come as markets continue to assess the broader consequences of protectionist measures implemented by US President Donald Trump, which include tariffs affecting European exports. Analysts have expressed concern about potential ripple effects across global supply chains, with inflationary pressures in the Eurozone remaining a key concern for policymakers.

While the ECB monitors inflation trends closely as part of its policy mandate, Lagarde acknowledged the complexity of predicting outcomes in an increasingly volatile global trade environment.

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Trump's tariffs sour relations with the EU

US President Donald Trump announced reciprocal tariffs on April 2, which he dubbed "Liberation Day", consisting of a base 10% tariff on all exports to the United States, and targeted levies on more than 180 countries: The European Union was hit with a 20% tariff.

On April 9, the European Union announced plans to impose tariffs on over $20 billion worth of US exports in retaliation against Trump's earlier 25% tariffs on metals imports, though it later reversed this decision after Trump backtracked and suspended all tariffs except those targeting China.

The European Union's retaliation to the newly imposed 20% tariff by the United States on the bloc may not be limited to reciprocal duties on American imports, French Economy Minister Eric Lombard said on April 11.

"We are working on a response package that could indeed go beyond customs duties to bring the Americans to the negotiating table and reach a balanced agreement..." Lombard told RMC Radio on April 11, adding that the EU's response can be firm without mirroring the US approach, as tariffs on imports from the US could harm the bloc.

The minister called on French companies to demonstrate solidarity and patriotism in the face of the US measures while stressing that Europe must stand its ground against global powers "because we are now in a period of confrontation against the planet’s major blocs: the US, Russia, and China. Europe has what it takes to rise to the occasion, but it requires effort."

Read more: EU gives staff burner phones in fear of US espionage: FT

  • US tariffs
  • United States
  • Europe
  • European Commission
  • Donald Trump
  • European Union

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