Lagarde: Economic Growth Slows as Trade Uncertainty Persists

According to a report by Jinse Finance, European Central Bank President Christine Lagarde stated that although recent agreements with the United States have reduced some uncertainties, economic growth in the eurozone may slow this quarter, and global trade remains uncertain. Speaking in Geneva, Lagarde noted that the current 15% tariff imposed on most European goods is slightly higher than the level assumed by the ECB in June, but "well below" the severe scenario that had been planned. She pointed out on Wednesday, "Recent trade agreements have alleviated some uncertainties, but have not eliminated them entirely. Due to the unpredictable policy environment, uncertainty persists." She added that industry tariffs on pharmaceuticals and semiconductors remain unclear.