Felbermayr, Gabriel; Gans, Steffen; Mahlkow, Hendrik; … - 2021
. Unilateral decoupling of the EU from China (a doubling of trade costs) would reduce real income in the EU on average by 0 … income would fall by 1.0 percent (170.3 bn EUR). With its extremely interconnected economy, real income in Germany would even … 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 …