PShould the trade war intensify further, the OECD estimates that world GDP and trade could be 1.6 percent lower as a result.
Current tariffs rise to 25%
Tariffs extended to rest of USA-China trade
Tariffs plus higher global risk premia
World GDP
USA GDP
China GDP
0.0
-0.2
-0.4
-0.6
-0.8
-1.0
-1.2 percent
Current tariffs rise to 25%
Tariffs extended to rest of USA-China trade
Tariffs plus higher global risk premia
World GDP
USA GDP
China GDP
0.0
-0.2
-0.4
-0.6
-0.8
-1.0
-1.2 percent
Current tariffs rise to 25%
Tariffs extended to rest of
USA-China trade
Tariffs plus higher global
risk premia
World GDP
USA GDP
China GDP
0.0
-0.2
-0.4
-0.6
-0.8
-1.0
-1.2 percent