Towards a Trade War in 2025: Real Threats for the World Economy, False Promises for the US
Using the MIRAGE‐Power computable general equilibrium (CGE) model, we simulate a trade war initiated in 2025 by the new US administration. The central scenario consists in a 60‐percentage point tariff increase on all US imports from China, a 10‐percentage point tariff increase on all products from other partners, exc...