Europe must be prepared for Trump tariffs, European Central Bank chief warns

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Europe must be prepared for Trump tariffs, European Central Bank chief warns
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European Central Bank President Christine Lagarde spoke to CNBC at the World Economic Forum in Davos.

Europe must"be prepared" and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, ECB President Christine Lagarde told CNBC on Wednesday.

After his inauguration, Trump told reporters that the EU has been"very, very bad to us. So they're going to be in for tariffs." "What we need to do here in Europe is to be prepared, and anticipate what will happen in order to respond," she told CNBC's Karen Tso at the World Economic Forum in Davos.

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