Felbermayr, Gabriel; Steininger, Marina - 2019
dispute. It finds that the tariffs and countertariffs implemented as of today cost the US €2.6 billion and China €5.7 billion … of GDP. Both economies lose, but China loses absolutely and relatively much more. Europe, in contrast, could register a … GDP gain of €345 million. Chinese exports to the US go down by €52.1 billion, while US exports to China fall by €37 …