The economic impact of a transatlantic trade war

A deterioration of EU-U.S. trade relations would deal heavy damage to the EU's economy with long-term rippling effects. If the U.S. imposed a 25 percent tariff on EU auto exports (and the EU retaliated with a digital sales tax of 25 percent on U.S. digital services exports), the bloc's GDP would decline by more than 0.2 percent in the first year.

Impact of a EU-U.S. trade escalation on gross domestic product.