Part 9/10:
8. Access to European Markets
Trade relations with Europe account for a substantial portion of American exports. In 2024 alone, the U.S. exported nearly $376 billion worth of goods to the European Union. Should negative sentiments escalate, American businesses might face boycotts or decreased sales, directly impacting the U.S. economy.
9. Mutual Trade Flows
Conversely, U.S. consumers benefit from a steady influx of European goods, which amounted to $545 billion in 2024. Strained relations may culminate in Europe restricting trade or retaliating against U.S. tariffs, a scenario that would inflate consumer prices and restrict supply chains.