A Bundesbank study looked in vain for who had the “last laugh” in this conﬂict, for example. [7] Instead, the dispute led worldwide to greater uncertainty, and dampened the propensity to invest and trade.
And even leaving aside such uncertainty effects, Bundesbank analyses highlight the potential harm: if the duties remain in place, the size of the US and Chinese economies would shrink by up to ½%; the size of the global economy would shrink by ¼% overall.