This policy brief examines the effects of the Covid19 pandemic on international trade. Major exporting economies have … logistical bottlenecks are being solved, low demand puts pressure on trade activity. The shipping industry has reduced its … activity around Europe, Asia and America by up to -10% pointing to a prolonged reduction in trade. Over the first quarter of …

. 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 …