China and US to loose big if more tariffs are applied

If the US was to apply its 25 percent tariffs on all products from China, that country could lose up to € 171.3 billion in exports to the US, while the US exports to China would contract by € 51 billion if China also applies 25 percent on all imports. That is the result of a new report by ifo researchers Gabriel Felbermayr and Marina Steininger for the EconPol Europe network.