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The 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.” ➡️ Pre
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