into China, consistent with recent trade policies by the US and the Chinese governments. We abstract from tariffs on goods … exported from the euro area, focusing on a US-China trade war. A unilateral tariff from the US against China dampens US exports … in line with the Lerner Symmetry theorem but global output contracts. Global output contracts even further after China …

States-China trade war and the cascading response of the countries around the world to the COVID-19 pandemic. While the …