Excerpt from the Article
(...) The coronavirus impact could also exacerbate the difficulties Europe may face from the China-U.S. Phase I deal. China’s trade commitments from that agreement already risk coming at Europe’s expense, but an overall reduction in demand from China makes the situation even more daunting.
“It’s actually worse,” said Gabriel Felbermayr, president of the Kiel Institute for the World Economy. “Trade-diversion effects are even more harmful in the context of the coronavirus than they would be otherwise.” (...)