The impact of trade tariffs on the global economy

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<title>The impact of trade tariffs on the global economy</title>
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<publisher>BBVA Research</publisher>
<dateIssued>2025</dateIssued>
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<abstract displayLabel="Summary">The impact of tariffs is estimated by calculating effective tariffs in different scenarios, based on simulations using different methodologies. If current tariffs are largely maintained, overall growth could initially fall by 0.2 to 0.5 pp, and potentially more in the medium term</abstract>
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<topic>Comercio exterior</topic>
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<topic>Perspectivas económicas</topic>
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<topic>Aranceles</topic>
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<topic>Mercados financieros</topic>
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<topic>Exportación</topic>
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<topic>Producto interior bruto</topic>
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<url displayLabel="electronic resource" usage="primary display">https://www.bbvaresearch.com/en/publicaciones/global-the-impact-of-trade-tariffs-on-the-global-economy/</url>
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