European Central Bank warns of how a shift in US trade policies could affect the EU

Christine Lagarde also said that the ECB will continue to cut interest rates, but that worries persisted about economic growth.

Transcript

00:00US President-elect Donald Trump's potential trade policies could negatively impact the

00:07EU economy.

00:09Speaking at a press conference in Vilnius on Monday, President of the European Central

00:13Bank Christine Lagarde said that it will continue to cut interest rates, but is worried about

00:19economic growth.

00:21As inflation continues to ease towards its 2% target, Lagarde explained that there are

00:26both upside and downside risks.

00:43These tensions could result in higher energy prices and freight costs.

00:48US President-elect Donald Trump campaigned on a pledge to impose tariffs of 10-20% on

00:54all imports.