. Unilateral decoupling of the EU from China (a doubling of trade costs) would reduce real income in the EU on average by 0 … decline by 1.4 percent (48.4 bn EUR). China would also lose from such a trade war, with real income declining by 1.3 percent …. Should the EU increase its trade barriers against all its non-European trading partners, real income in the Union would fall …

. Unilateral decoupling of the EU from China (a doubling of trade costs) would reduce real income in the EU on average by 0 … decline by 1.4 percent (48.4 bn EUR). China would also lose from such a trade war, with real income declining by 1.3 percent …. Should the EU increase its trade barriers against all its non-European trading partners, real income in the Union would fall …

Language is a strong and robust determinant of international trade patterns: Countries sharing a common language trade … that this trade-promoting effect of language is likely to reflect cultural ties, rather than lower costs of communication … local dialect between regions have a sizable and significant positive impact on intra-national trade. We interpret this …