Buy American to avoid Trump trade war, says Christine Lagarde

Contributing sentiments towards policy:

46% : She called on Europe to cut through Trump's campaign rhetoric and to focus on the details of his proposals so far, arguing it was "interesting" that he had suggested introducing tariffs of between 10 and 20 per cent on non-Chinese imports.
42% : The European Central Bank chief said in her first interview since Trump won his second presidential term that the EU needed "not to retaliate, but to negotiate" with a president-elect who has threatened a blanket tariff of up to 20 per cent on all non-Chinese US imports.Lagarde also cautioned that a "trade war at large" was "in nobody's interest" and would lead to "a global reduction of GDP".
31% : On Monday evening, Trump said he would impose a 10 per cent levy on Beijing from his first day in office, in retaliation for China doing too little to crack down on the manufacturing of substances used to produce fentanyl.Lagarde talked to the FT earlier on Monday, ahead of Trump's remarks.
18% : Her counterpart at the Federal Reserve, Jay Powell, has carefully avoided opining on Trump, despite him tweeting during his first term that the US central bank chair was possibly a "bigger enemy" to the American economy than China.

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