Brussels, 27/02/2026 (Agence Europe) – In a study published on Thursday 26 February, the European Bank for Reconstruction and Development (EBRD) has shown that the impact of trade tensions on world trade has so far been less marked than expected. This is particularly the case with the increase in US customs duties, as applied before the US Supreme Court overturned them on 20 February. However, the full impact of these tariffs “may not have been felt yet”, according to the EBRD, which notes that US imports were frontloaded as early as the beginning of 2025 in anticipation of tariff increases (see EUROPE 13816/6). In addition, trade tensions between China and the United States may have benefited certain products from EBRD regions (precious metals, computers, chocolate, etc.), since the United States has substituted imports from other economies for imports that were previously made from China. Read the study: https://aeur.eu/f/kyg (PLD)