Pushing Trump tariffs will be tighter than the United States: Santander

The White House Protectionist policy can be tighter than the United States as soon as possible, Santander Bank‘s executive seat informed CNBC on Thursday because tariffs fight internal consumers.

“Tariffs (taxes). This is a tax for consumer.” Mother Botín, in an interview with CNBC’s Karen TSO in an interview in Brussels on the outskirts of the 2025 IIF European summit. “As a result, the economy will pay a price. There will be less growth and more inflation, other things will be equal.”

President Donald Trump applied – and sometimes postponed or canceled – Tariffs on importing the United States for the second management in January. Among the world’s largest economy and trade partners wants to promote household production and reduce trade shortages.

Botín is not alone in the warning of tariffs on the United States, but also with many analysts, the tasks can result in higher inflation, and the US consumers may intensify the wallets of US consumers.

“In a short time, Europe will be less affected by the United States,” said Botín Thursday.

Application of quilt and special duties of the country – the news of this 25% tariff in all car imports From April 2, the United States, which was in force, caused a number of revenge measures of the historic transmittable ally, including the European Union.

The block took steps to increase the autonomy through a proposal package that could be critical of the IRONCLAD financial rules and higher defense costs in the region (863.8 billion euros) can mobilize 863.8 billion euros ($ 863 billion).

“Today, European banks are ready to lend more and further support the economy today. We are strong. We have the capital,” said Botín. Currently, the EU rules defining European creditors defining the “buffers” have called more “comfort”.

The most recent EU plans – and have long been to overhauled debt policy to ensure the strengthened security costs of Germany – Germany and Europe have increased German and European defense shares in recent weeks.

However, Germany’s beleaguered car sector is very confident – the third largest exporter of the world is sensitive to trade samples and potentially shifting Risks that are declining As a result of US tariffs, the Central Bank of Germany, Joachim Nagel, the governor of Germany, warned.

Botín – Whose Bank is the fifth largest auto loan in the United States to push to expand its transactions Transatlantic bonfire Some physical branches in England – drew a optimistic picture of the state of the European economy.

“To date, we believe that Europe will be equal to Europe and other things, as Germany is one-third of the euro economy. Thus, it is thus acknowledging that the last unexpectedly clarified the European Central Bank of the European Central Bank.

The next meeting of the Central Bank on April 17 is expected to continue to cut a 25-century interest rate. O Also eased the monetary policy At the beginning of March and his money policies signaled when the “meaningful less restrictive”.

“The basics of the economy are strong, but it is a historical level, but it is a really difficult decision. Thus, the tariffs are a tax related to the consumer (s), which means higher inflation.”

“How slow growth and slow growth in the next few months, you will expect a company to be waiting for a company, you will wait for the tariffs. Thus, this means the slowdown.”

Botín, as a result, “There is a lawsuit to be done … The descent rates fall down, but it’s probably not fast.”

Speaking to CNBC’s TSO at the beginning of the day, the ECB politician Pierre Wunsch said the US Tariff War Uploaded the bank’s decision.

“If we forget the tariffs …” I liked, you know, inflation can be a boring part of the 25 and (20) 25 is not a boring year. However, if you add tariffs to the equation, it becomes more difficult. “