Core Viewpoint - The European Central Bank (ECB) meeting minutes indicate that recent tariff increases and the appreciation of the euro are expected to negatively impact exports [1] Group 1 - The ECB highlighted concerns regarding the adverse effects of tariff hikes on trade dynamics [1] - The recent strengthening of the euro is anticipated to further challenge export competitiveness [1] - The combination of these factors may lead to a slowdown in economic growth within the eurozone [1]

Core Viewpoint - The European Central Bank's Governing Council member Kazaks stated that a 10% tariff from the United States, combined with a more than 10% appreciation of the euro, would significantly negatively impact exports [1] Group 1 - The potential impact of U.S. tariffs on European exports is highlighted, indicating a direct correlation between tariff increases and currency appreciation [1]