Austria is a small open economy that in the last decades underwent two different waves of increasing trade integration …: one with Eastern Europe and one with China. This paper studies the effects of increases in trade with China and Eastern …

computable general equilibrium trade model calibrated with the latest version of the GTAP database to simulate the effect of … doubling non-tariff barriers - both unilateral and reciprocal - between the two blocks on trade and welfare. Imposing trade … to cooperate rather than turning away from each other. By imposing a trade war on Russia, the political West could …