U.S. Relies More on EU Goods Than China

U.S. imports from the E.U. now exceed those from China in both value and product diversity, a recent study reveals. With reliance on European goods like chemicals and machinery soaring, the E.U. may wield unexpected leverage in trade negotiations with the U.S. This shift, driven by American efforts to reduce dependence on China, presents new risks: the U.S. could face significant challenges replacing E.U. goods in trade disputes, potentially turning tariffs into self-inflicted wounds. Hosted on Acast. See acast.com/privacy for more information.