Excerpt from the Article
China''s pledge to boost imports from the U.S. under a recently signed trade deal could end up costing the European Union about $11 billion next year.
(...) Germany and France will be particularly hard hit by trade diversions, the study''s authors, Sonali Chowdhry and Gabriel Felbermayr, said. The largest negative effects for the EU are expected in aircrafts, vehicles, industrial and medical machinery, pharmaceuticals, and other agricultural goods. (...)