Kiel Institute in the News
EU Seen Losing $11 Billion in China Exports After Phase-One Deal
bloomberg.com
Publication Date
Related Topics
International Trade
European Union & Euro
China
China''s pledge to boost imports from the U.S. under a recently signed trade deal could end up costing the European Union about $11 billion next year.
(...) Germany and France will be particularly hard hit by trade diversions, the study''s authors, Sonali Chowdhry and Gabriel Felbermayr, said. The largest negative effects for the EU are expected in aircrafts, vehicles, industrial and medical machinery, pharmaceuticals, and other agricultural goods. (...)
