FRANKFURT, Aug 20 (Reuters) - The trade deal between the

United States and the EU is somewhat higher but not far from the

baseline assumed by the ECB, Christine Lagarde, the bank's

president, said on Wednesday.

"The trade deal establishes an effective average tariff

estimated to lie between 12% and 16% for U.S. imports of euro

area goods," she said in Geneva.

"This effective average tariff is somewhat higher than - but

still close to - the assumptions used in our baseline

projections last June," she said. "The outcome of the trade deal

is well below the severe scenario for U.S. tariffs of over 20%."