Felbermayr, Gabriel; Hinz, Julian; Langhammer, Rolf J. - 2024
in global economic cooperation could impact Europe up to four times more than direct U.S. tariffs alone. Potential U … would likely adopt a more multilateral stance, while Trump could intensify tariffs and weaken the WTO's role. If the U ….S. imposes broad tariffs-such as a 10% surcharge on imports and a 60% tariff on Chinese goods-global trade could shrink by 2 …
