The implications of US-China trade tensions for the euro area – lessons from the tariffs imposed by the first Trump Administration

Vanessa Gunnella, Giovanni Stamato and Alicja Kobayashi

Economic Bulletin Boxes, 2025, vol. 3

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 Classification: F13, F14

Keywords: Euro area trade; Trade diversion; US-China trade tensions (search for similar items in EconPapers)
Date: 2025-05
Note: 2700331
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2025:0003:2

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