European Central Bank President: Economic growth slows, trade uncertainty lingers

ChainCatcher news, ECB President Lagarde stated that although the recent agreement with the United States has reduced some uncertainties, economic growth in the eurozone may slow this quarter, and global trade still faces uncertainties.

Lagarde mentioned in Geneva that the current 15% tariffs on most European goods are slightly higher than the levels assumed by the ECB in June, but "far below" the severe scenarios that were planned.

She pointed out on Wednesday: "The recent trade agreement has alleviated some uncertainties, but has not completely eliminated them. Due to the unpredictable policy environment, uncertainties still exist." She added that the industry tariffs on pharmaceuticals and semiconductors remain unclear.