Story perspectives
EU Economy Surprises Amid Tariffs, Lagarde Reports Steady Growth
10/1/2025
47 3
1 of 1
Story summary
- The European economy is stronger than expected despite U.S. tariffs, per ECB President Christine Lagarde.
- EU avoided retaliatory tariffs, aided by a stronger euro and a Trump tariff cap at 15%.
- Lagarde says growth is moderate and inflation is low; the ECB holds the rate at 2%.
- China challenges include rare earths and Russia support amid Ukraine conflict.
