Europe might profit from the US-China trade war

Europe might profit from the US-China trade war
The additional tariffs of the US government under President Donald Trump slow the Chinese growth by 0.1 to 0.2 percentage points, according to the German Munich-based IFO Institute. At the same time, US tariffs could improve Europe's bargaining position. "If tariffs increase from 10 to 25 percent towards the end of the year, then the braking effect is 0.3 to 0.5 percentage points. That is noticeable, but with Chinese growth of around 6.5% per year, the impact is manageable, "says the head of the Ifo Center for Foreign Trade, Gabriel Felbermayr.   ...

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