Only a small number of eurozone workers fear U.S. tariffs will jeopardize their jobs. But it could put pressure on an already weak economy, European Central Bank researchers said Friday. The Trump administration imposed a raft of tariffs on imports from the EU in July, raising the effective tariff rate to about 13.1 percent from 2.3 percent, a blow to the bloc's economy as the United States remains its biggest export market. On the downside, EUR/USD encountered some support in the area of 1.1600, which we wrote about earlier, but the later pressure on the single European currency triggered a new wave of declines. In case the decline continues, significant buying activity may occur when quotes approach the zone: 1.1400-1.1450.