3 ms·
EU has more people and an equivalent sized economy. The EU could stand up to the US if they felt it mattered. Other than defence partnerships the EU is no mor
by noir_lord 9y ago
EU has more people and an equivalent sized economy.
The EU could stand up to the US if they felt it mattered.
Other than defence partnerships the EU is no more dependent on the US than the US is on the EU.
It's a two way street.
Unless you think the US would be happy to walk a way from the largest single market in the world (by GDP).
- briandear 9y agoExcept the EU isn’t a country. Poland doesn’t have the same incentives that Greece might, as an example.
- noir_lord 9y agoExcept trade deals and regulations are negotiated/implemented top down. So the EU has teeth if the US pushed it too far. It's hard to get the EU to agree on a lot of things but something sufficient to make the EU consider punishing the US would likely be important enough they would agree.
- sschueller 9y agoThe USD is currently 62.70%[1] of all currency reserves. If you lose the ability to trade in dollars you are screwed and the US knows this. [1] https://en.wikipedia.org/wiki/Reserve_currency https://en.wikipedia.org/wiki/Reserve_currency