US largely outsourced its manufacturing, so EU is not as dependant on US as other way around - EU to USA import export graph [0]
Treating EU like a tiny country that needs to rely on imports of finished products is discounting the fact EU is the largest trading block in the world.
Besides EU can decide to incentivise the manufacturing of key goods (like germany getting into electronics manufacture).
Also US cannot bully EU like it does other weaker countries.
Treating EU like a tiny country that needs to rely on imports of finished products is discounting the fact EU is the largest trading block in the world.
Besides EU can decide to incentivise the manufacturing of key goods (like germany getting into electronics manufacture).
Also US cannot bully EU like it does other weaker countries.
https://ec.europa.eu/eurostat/statistics-explained/index.php...