The Ties that Bind the Transatlantic Economy
The United States and the European Union are the two largest traders of services in the world and each other’s most important services markets. Daniel Hamilton and Joseph Quinlan note in their article for the
American Chamber of Commerce to the European Union that the US economy faces several hurdles in 2025, from trade disputes to challenges from China. Even in testing times, Europe and the US remain each other’s most important markets and geo-economic base. U.S. merchandise exports to Europe are more than three times U.S. exports to China as forty-eight of the fifty U.S. states export more goods to Europe than to China. Taken together, these trends all underpin the fact that the transatlantic digital economy – under the sea, on the land, and in the air – is the largest, densest, and busiest in the world.
https://transatlantic.amchameu.eu
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