A trade war with China would be so expensive for Germany

Should China really invade Taiwan, this would have dramatic economic consequences worldwide. Because then the free world might react with sanctions similar to those against Russia after Moscow launched its war of aggression against Ukraine. An economic decoupling of the West from China would be the result – with drastic consequences for local companies and stock markets. The Ifo Institute has calculated five scenarios – and also describes a solution that could offset a large part of the costs of turning away from China.

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