Lagarde: Economic slowdown and lingering trade uncertainty According to a report by Golden Finance, European Central Bank President Lagarde stated that although the recent agreement with the United States has reduced some uncertainty, the growth of the eurozone economy may slow down this quarter, and there is still uncertainty in global trade. Lagarde stated in Geneva that the current 15% tariff on most European goods is slightly higher than the level assumed by the European Central Bank in June, but "far below" the severe scenario previously planned. She pointed out on Wednesday that "recent trade agreements have eased some uncertainty, but have not completely eliminated it. Due to the unpredictable policy environment, uncertainty still exists." She added that industry tariffs on pharmaceuticals and semiconductors are not yet clear.