Soon, President Trump will announce what to do with tariffs on EU cars. We think he will not hike tariffs just yet, but will keep the tariff threat alive. Within the EU, the German and Hungarian economy are most vulnerable to higher car tariffs in the US.
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Het kabinet overweegt een investeringsfonds op te richten. Het is goed nieuws dat het kabinet nu echt werk wil maken van het verdienvermogen van Nederland op de lange termijn. De impact van het fonds zal afhangen van de juiste governance.
The recent announcement from the US to further up the ante in the trade dispute with China clearly marks a new escalation in the trade war. If one takes China’s recent response into account, it’s hard to see either side trying to ease tensions at this stage.
Against the backdrop of limits to monetary policy, we investigate the issues at stake if budgetary policy were to take over the role of stimulus provider. Things have not been made easier by the EP election results, but we do see a few ways out.
The US has raised import tariffs from 10% to 25% on 200bn worth of Chinese goods shipped to US shores and China has vowed to retaliate. In this report, we assess the economic impact of these measures, as well as a scenario where the US-China trade war fully escalates.
GDP of the Eurozone grew with 0.2% in the 4th quarter. France and Spain performed better than expected, but Italy entered a recession with two quarters of negative growth rates.
The disappointing recovery of the German car sector, the yellow vests in France and slowing external demand lead to a downward revision of our growth figures for 2018Q4 and 2019Q1.