U.S. President Donald Trump's tariff policy has generated uncertainty for the world economy and made the situation more opaque than what it was six months ago, European Central Bank Vice President Luis de Guindos said on Monday.

ECB’s Lagarde warns Trump’s trade war could hit global growth, inflation. She indicates that escalating tariffs risk severe economic consequences, while stressing the ECB’s challenge in stabilising inflation amid record-high uncertainty.

Christine Lagarde, president of the European Central Bank (ECB), has warned that Trump’s trade policies are dragging the world economy toward a major recession. She pointed to escalating trade tensions and unpredictable tariff battles as major risks,