European Bank Chief Warns About Rising Consumer Costs

Christine Lagarde is the president of the European Central Bank. She gave a warning about trade taxes called tariffs. She said American people have not felt the full cost of these taxes yet.

Right now, businesses are paying most of the extra costs from tariffs. But she thinks this will change soon. Companies cannot keep losing money forever.

When they stop paying these costs, regular people will have to pay higher prices for goods. She also talked about how the world economy is changing. She mentioned that the US dollar might become less popular.

Gold prices have gone up a lot this year. She thinks America and Europe should work together to trade better with China.