Europe must “be prepared” for potential trade tariffs from U.S. President Donald Trump, the president of the European Central Bank Christine Lagarde told CNBC at the World Economic Forum in Davos on Wednesday.

The European Central Bank is "not overly concerned" by the impact of inflation abroad on the bloc, the institution's President Christine Lagarde told CNBC.

BAKU, Azerbaijan, January 24. Christine Lagarde, President of the European Central Bank (ECB), expressed optimism about Europe’s economic prospects during the Global Economic Outlook panel at the World Economic Forum in Davos, Trend reports.