Europe Less Impacted by Tariffs

This is a U.S. news story, published by CNBC, that relates primarily to Banco Santander's Ana Botín news.

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tariff impositions

CNBC

•

World

Trump's tariffs push will hit the U.S. harder than Europe in the short term, Santander chair says

Summary

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82% Informative

Banco Santander's Ana Botín says tariffs could hit the U.S. harder than Europe in the short term.

Botín said recent unpredictability has clouded clarity over the European Central Bank's next monetary policy steps.

She also called for more "flexibility" in EU regulations that determine the "buffers" European lenders must hold on top of minimum capital requirements to bolster their resilience.

Speaking to CNBC 's Tso earlier in the day , ECB policymaker Pierre Wunsch also indicated that the U.S. tariff war had encumbered the bank's decision-making. "If we forget tariffs... we were going in the right direction. Then the question was more a question of fine tuning of the pace of cuts and where we land," he said. "I was like, you know, inflation might be the boring part of [ 20]25 , and [ 20]25 is not a boring year . But if you add tariffs to the equation, it's becoming more complicated.".

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Informative language

Neutral language

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semi-formal

Language

English

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not offensive

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not hateful