. At the multilateral level, German goods trade with WTO members increased by one third. The WTO accessions of China and …

growing dependence on Asian suppliers and the colliding political and ideological systems between China and the West …. Unilateral decoupling of the EU from China (a doubling of trade costs) would reduce real income in the EU on average by 0 ….8 percent. In terms of GDP in 2019, this equals a permanent loss in real income of 131.4 bn EUR. Should China retaliate, real …