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Alicja Kobayashi

2 May 2025
ECONOMIC BULLETIN - BOX
The implications of US-China trade tensions for the euro area – lessons from the tariffs imposed by the first Trump Administration
Economic Bulletin Issue 3, 2025
English
Details
Abstract
This box examines the effects of the tariffs imposed by the first Trump Administration in 2018. It shows that there was a significant decline in Chinese exports to the United States. Despite the potential for increased competitiveness, the euro area did not increase its market share in the United States. Chinese exports found alternative destinations, including South and South-East Asia and the euro area. The analysis highlights the potential channels through which US tariffs on Chinese goods could affect the euro area.
JEL Code
F13 : International Economics→Trade→Trade Policy, International Trade Organizations
F14 : International Economics→Trade→Empirical Studies of Trade