Lagarde Says US Tariff Moves Risk Upsetting Equilibrium With EU

President Donald Trump’s latest tariff moves risk upsetting the previously negotiated “equilibrium” between the European Union and the US and could pose a new headwind to the economy, European Central Bank President Christine Lagarde said on Sunday.

It’s “critically important” to have clarity about the future of the trade relationship, Lagarde told CBS’s Face the Nation after the US Supreme Court struck down Trump’s use of an emergency-powers law to impose his so-called reciprocal tariffs around the world.

“You want to know the rules of the road before you get in the car,” Lagarde said. “It’s the same with ...