HIGHLIGHTS
SUMMARY
The paper shows that a unilateral decoupling of China from the EU (i.e. a doubling of NTBs on Chinese imports from the EU) would almost eliminate bilateral imports - a phenomenon the literature calls trade destruction (Bown and Crowley 2007). In line with the literature (Bown and Crowley 2007), the authors find that NTBs imposed on Chinese imports from the EU cause trade deflection (EU exports to other countries increase), import source diversion (China imports more from non-EU countries) and trade depression (the EU imports less from the rest of the world). 5B . . .
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