ChainCatcher news, according to Jinshi Data, ECB Governing Council member Villeroy stated that the 25% increase in U.S. tariffs in the second quarter has a limited impact on European inflation, but it may lead to a 0.3 percentage point decline in the eurozone's GDP for the entire year.Villeroy mentioned that, in the short term, President Trump's "lose-lose" strategy is harming the United States, as evidenced by the Federal Reserve's downward revision of its forecasts. Trump is undermining the multilateral system, increasing long-term risks to financial order and climate.

ChainCatcher news, according to Jinshi reports, the Japanese government insists that its economy is undergoing a moderate recovery, but points out that the United States' trade policy is a key factor worth paying attention to, as Trump's tariff proposals bring uncertainty to the economic outlook.In the monthly economic report for February, the Japanese Cabinet Office maintained its assessment of the overall economy for the seventh consecutive month, citing persistent inflation (especially in daily necessities) as a factor weakening consumption.The Japanese Cabinet Office also mentioned the need to closely monitor U.S. policies, particularly in trade, as U.S. President Trump is expected to make a series of more detailed tariff statements. The Cabinet Office downgraded its view on imports from "showing a recent upward trend" to "almost flat."

ChainCatcher news, according to Jin10 reports, Citigroup economists Jin-Wook Kim and Jiuk Choi stated that South Korea's GDP growth may be affected in the coming years by the tariffs imposed during Trump's second term as U.S. president and the tightening of domestic fiscal spending in South Korea.Citigroup has lowered its GDP growth forecasts for South Korea for 2025 and 2026 from 1.8% and 1.7% to 1.6%, respectively. Economists pointed out that the tariffs promised by Trump on Canada, Mexico, and China may impact South Korea's GDP growth through export channels. The South Korean government is likely to formulate an additional budget of 30 trillion won in the first quarter, while the Bank of Korea may further lower interest rates.