The US’s new tariffs on China could significantly alter the global trade landscape. According to a recent report by the McKinsey Global Institute, these tariffs may drastically reduce Chinese imports to the US. As a result, Europe is likely to become a key player in this new order, potentially benefiting from increased trade opportunities and market share gains.
Source: https://www.barrons.com/articles/europe-trump-tariffs-china-1681b7fe