The United States stands to lose in a trade war, while China may benefit initially, a research report by the European Central Bank showed on Wednesday.ECB researchers Allan Gloe Dizioli and Björn van Roye studied a scenario in which the US hikes tariffs on all imports by 10 percentage points and its trading partners retaliate with a similar size tariff increase on their US imports."This scenario d...
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.