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

watch nowThe White House's protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander's executive chair told CNBC on Thursday, as tariffs take a toll on domestic consumers."Tariffs [are] a tax. It's a tax on the consumer." Ana Botín said in an interview with CNBC's Karen Tso in Brussels on the sidelines of the 2025 IIF European Summit. "Ultimately, the economy will pay a price. There will be less growth and there will be more inflation, other things equal."President Dona ...