CESifo&ifo研究所：2025年美国“对等”关税对德国经济及全球贸易规则的影响研究报告（英文版）

If implemented on April 2, the “Liberation Day” announced by US President Donald Trump would have profound implications for the global trading system. The proposed “reciprocal” tariffs would mirror, product by product, the tariffs imposed on US exporters worldwide. By asserting the right to impose import tariffs on its partners without any constraint, the US, an important past advocate of multilateralism, launches a frontal offensive against fundamental pillars of the nearly eighty-year-old r