Trump's Greenland tariffs would dent EU growth by 0.5%, Austrian central bank says

VIENNA, Jan 21 (Reuters) - The tariffs President Donald Trump has vowed to impose on eight European countries until the U.S. is allowed to buy Greenland would trim European Union economic growth eventually by 0.5%, a study by the Austrian National Bank showed on Wednesday.

"Using trade policy threats as a means of political pressure increases the risks for the global economy" and would accelerate inflation in the U.S., the central bank's Governor Martin Kocher said in a statement accompanying a research note on the planned tariffs.

"Due to the direct impact on some countries, the effects on the Eurozone-20 and the EU are significantly greater (than on Austria), at around minus 0.1% in the short term and minus 0.5% in the long term," the study said.

Austria is not one of the eight countries targeted by Trump.