FRANKFURT (Reuters) -Only a small minority of euro zone workers fear that U.S. tariffs will jeopardise their jobs but that could still create a drag for an already sluggish economy, European Central Bank researchers wrote in a blog post on Friday.

The Trump administration imposed a raft of tariffs on EU imports in July, raising the effective tariff rate to around 13.1% from 2.3%, a drag for the bloc as the U.S. remains by far its largest export market.

While only around 15% of workers fear their jobs are at stake because of these tariffs, that could still have a meaningful impact on the economy, the researchers argued in a blog post using data from the bank’s most recent Consumer Expectations Survey.

“Workers who expect to lose their jobs are more likely to actually lose them later,” th

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