[The Transatlantic Trade Conflict and the German Economy: It Matters how Long It Takes].
Transatlantischer Handelskonflikt und die deutsche Wirtschaft: Auf die Dauer kommt es an.
Journal
Wirtschaftsdienst (Hamburg, Germany : 1949)
ISSN: 0043-6275
Titre abrégé: Wirtschaftsdienst
Pays: Germany
ID NLM: 101086612
Informations de publication
Date de publication:
2020
2020
Historique:
entrez:
25
8
2020
pubmed:
25
8
2020
medline:
25
8
2020
Statut:
ppublish
Résumé
International trade conflicts continue to simmer in times of the coronavirus crisis. Most recently, in mid-May, the US government tightened export restrictions for suppliers to the Chinese technology company Huawei. Against the background of the dramatic slump in consumer demand for automobiles, US President Donald Trump might revive his protectionist idea of tariffs on cars and car parts from the EU, escalating the transatlantic trade conflict. Economic policy simulations show that such an escalation has the potential to dampen the economic recovery in Germany after the pandemic shock. Fiscal rules limit the ability to counterbalance the macroeconomic impact of a trade war, putting Germany potentially at a relative disadvantage in this conflict.
Identifiants
pubmed: 32834171
doi: 10.1007/s10273-020-2694-3
pii: 2694
pmc: PMC7368594
doi:
Types de publication
English Abstract
Journal Article
Langues
ger
Pagination
524-530Informations de copyright
© Der/die Autor(en) 2020.