In De-Risking, the Transatlantic Partners Enjoy An Edge. But Can They Capitalize?
US-EU goods trade in 2023 reached $946 billion, 39% higher than the $575 billion US-China goods trade and 15% higher than the $805 billion EU-China goods trade
What’s more, trade between countries does not just consist of trade in goods. It also includes trade in services. US-EU services trade totaled $411 billion in 2022, the last year of available data. That was about six times greater than the US-China services trade of $68 billion and 3.6 times greater than the EU-China services trade of $122 billion.
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