A study by the Vienna Institute for International Economic Studies (wiiw) warns of the consequences of a potential trade conflict between the European Union and China. Compared to the explosive scenarios, the current irregularities are still comparatively harmless. “What would be really dangerous would be a stop of exports for political reasons in the context of a trade conflict as it is currently raging between the US and China”, says Robert Stehrer, scientific director of wiiw and co-author of the study “Learning from Tumultuous Times: An Analysis of Vulnerable Sectors in International Trade in the Context of the Corona Health Crisis“.
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