Some may have hoped that Chinese exporters would compensate for additional US tariffs by lowering their prices. But studies suggest that Chinese suppliers have not made price concessions. [18] US enterprises and consumers therefore seem to have borne the brunt of the tariffs. Moreover, the bilateral trade lost has, in general, not been offset by increased trade with other countries.
Disbursements of up to € billion will be decided at an executive session of the Board, comprising the permanent members and the resolution authorities of the countries in which the intermediary operates; other decisions will be adopted in plenary session, at which all the national resolution authorities participate. The Fund will reach its full endowment of € billion in eight years.