François Villeroy, head of the Banque de France, cautions that Donald Trump’s economic policies could reignite inflation in the U.S. and hinder global growth. He highlights Trump’s proposed tariffs—10% on all imports and 60% on Chinese goods—as potentially burdensome for American consumers. Villeroy’s concerns are echoed by other European Central Bank officials, who stress the need for Europe to be better prepared for potential trade wars compared to 2018. They warn that high tariffs could lead to increased inflation and economic instability both in the U.S. and worldwide.