ECB President Lagarde: I would like 'some certainty' on U.S.-China trade

Trade Certainty & Economic Impact - Economic actors need certainty regarding US-China trade relations to make informed decisions about investments like factories and shipping [1] - Businesses require clarity on current and future tariff realities to plan effectively [2] Trade Diversion & Inflation Concerns - Excessive trade restrictions between the US and China could divert goods to Central and Eastern Asia, and Europe [2][3] - Trade diversion may lead to inflationary consequences [3] Trade Balance & Open Trade - The hope is for sufficient open trade, even with tariff restrictions, to maintain a reasonably balanced movement of trade and goods between the two countries [2]