Lagarde: U.S. tariff policy drags down Eurozone economic growth.

European Central Bank President Lagarde said at the International Business Council event at the World Economic Forum on the 20th that the economic growth in the eurozone is expected to slow down in the third quarter as a result of the impact of US tariff policies. Lagarde stated that the current global economy is full of challenges. So far, despite continued growth in the world economy and some resilience in the eurozone economy, this is mainly due to the distorting effects of high tariff policies on economic activities. In the first quarter of this year, importers increased their stocks before the policy took effect in order to mitigate the impact of tariff increases, and international trade and investment activities objectively drove economic growth.