Tomaz Silva/ABr
She stated that the trading environment continues to be difficult because of increased tariffs, a stronger euro, and ongoing uncertainty in global policies.
Late last week, the US Supreme Court ruled against President Donald Trump's decision to impose tariffs on imports from most countries starting in 2025. The judges determined that the International Emergency Economic Powers Act (IEEPA), which was enacted in 1977, does not give the head of state the power to implement such tariffs.
Trump replied by putting a 10% tax on goods brought in from every country. This time, the president used a part of the 1974 Trade Act that permits these tariffs to remain in place for 150 days.
EU exports to the United States rose to €554 billion last year, up from €536 billion in the previous year, even though new US tariffs were imposed. These tariffs apply to many European products and are set at 15%. However, the growth in exports was mainly due to high levels of activity in the early part of the year, as US companies increased their buying to restock warehouses ahead of the tariff increases, as reported by The Wall Street Journal. The rate at which exports increased began to decrease as the year went on.
In response to a question regarding artificial intelligence within the European Parliament, Lagarde said that the ECB will carefully watch how advancements in AI affect the job market. She pointed out that major investments in this sector, both in Europe and the United States, are already showing measurable outcomes, although the effect on employment levels has not become apparent yet.
source: wsj.com
Late last week, the US Supreme Court ruled against President Donald Trump's decision to impose tariffs on imports from most countries starting in 2025. The judges determined that the International Emergency Economic Powers Act (IEEPA), which was enacted in 1977, does not give the head of state the power to implement such tariffs.
Trump replied by putting a 10% tax on goods brought in from every country. This time, the president used a part of the 1974 Trade Act that permits these tariffs to remain in place for 150 days.
EU exports to the United States rose to €554 billion last year, up from €536 billion in the previous year, even though new US tariffs were imposed. These tariffs apply to many European products and are set at 15%. However, the growth in exports was mainly due to high levels of activity in the early part of the year, as US companies increased their buying to restock warehouses ahead of the tariff increases, as reported by The Wall Street Journal. The rate at which exports increased began to decrease as the year went on.
In response to a question regarding artificial intelligence within the European Parliament, Lagarde said that the ECB will carefully watch how advancements in AI affect the job market. She pointed out that major investments in this sector, both in Europe and the United States, are already showing measurable outcomes, although the effect on employment levels has not become apparent yet.
source: wsj.com
