At an economic forum in northern Italy, European Central Bank policymaker Isabel Schnabel expressed concerns about the euro zone economy being hindered by ongoing structural issues, which have worsened due to increased uncertainty. The recent announcement of trade tariffs by U.S. President Donald Trump has added to this uncertainty, prompting the ECB to closely monitor its impact on economic growth and inflation in the euro zone. Schnabel noted a significant rise in uncertainty following recent events and suggested that the situation could deteriorate further. She refuted claims by Trump that the European Union was created to undermine the United States, asserting that its purpose was to foster the prosperity of Europe.