According to reports from Jin Shi data, European Central Bank economists stated that U.S. import tariffs on European goods would weaken growth in the Eurozone and reduce inflation, but loose monetary policy could offset this anti-inflationary pressure and support economic activity. They pointed out that the tariff shock would reduce Eurozone exports to the U.S. by 1%, and about a year and a half later, the consumer price inflation rate would decrease by approximately 0.1%. In the industrial sector, output would sharply decline after tariff increases, but the relaxation of monetary policy would promote strong economic expansion. This indicates that monetary policy remains a powerful tool to address deflation caused by tariffs and to buffer against the drag of higher trade barriers.