The crusade of an unbridled president leads us to stagflation

Trump's tariffs transcend trade, redefining alliances and challenging stability. Europe and Spain must respond with a mixture of firmness and pragmatism
Edificio de la Reserva Federal de EE.UU. en Washington, DC - PHOTO/REUTERS
US Federal Reserve Building in Washington, DC - PHOTO/REUTERS

Gustavo de Arístegui, diplomat, ambassador and member of parliament for the Popular Party, analysed on La Razón on 4 April 2025 the economic consequences of the application of tariffs in the short, medium and long term and the response that Europe should take.  

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Jerome Powell, presidente de la Reserva Federal estadounidense, en su comparecencia ante la prensa tras la última reunión del Consejo de la Fed – PHOTO/FEDERAL RESERVE
Jerome Powell, Chairman of the US Federal Reserve, speaking to the press after the last Fed Board meeting - PHOTO/FEDERAL RESERVE