US-EU agreement triggers "trade tsunami"! OECD predicts global exports to US could plummet by 46%

Wisdom Finance APP learned that after the United States and the European Union reached a new trade agreement, global exports to the United States are feared to be halved. U.S. President Donald Trump announced on Sunday that a 15% tariff will be imposed on most European products, including cars, imported into the U.S. According to the tariff simulator of the online data visualization and distribution platform "Economic Complexity Observatory" (OEC), it is predicted that by 2027, global exports to the United States will decrease by over 46% from the average of the past three years, a reduction of $2.68 trillion. On the other hand, U.S. exports to the world are expected to increase by 12% in 2027 compared to the past three years, an increase of $1.59 trillion.