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European economy would implode without trading with US. The biggest economy in Europe, Germany; exports cars, pharmaceuticals and other high end machinery to US
by sajithdilshan 4mo ago
European economy would implode without trading with US. The biggest economy in Europe, Germany; exports cars, pharmaceuticals and other high end machinery to US and the whole middle class in Germany relies on the jobs from those exports oriented companies
- makapuf 4mo agoYou talk about Europe then only give Germany examples ..? Is that a German only problem ?
- sajithdilshan 4mo agoGermany is the biggest economy in the Europe and the one that’s holding Euro stable ( France and Italy would soon be only serving their debt). If German economy goes down, then you can say goodbye to Euro
- gmueckl 4mo agoCars are largely not exported to the US from Germany, but built in US factories. German car companies have factories all over the world.
- NorwegianDude 4mo agoTo be fair, it would be a bigger issue for the US. No country is more economically dependant on the rest of the world than the US. The US is living on the USD, and if others stop using it the US would have to do extreme cuts on everything.
- sajithdilshan 4mo agoThat’s true, but every time a country or a group of country tried to do that US has stopped it either strategically or with military force so far.
- NorwegianDude 4mo agoBut you are talking about Europe. If the US and Europe were to cut all ties they would both face some serious consequences, and the US wouldn't be able to do anything about that, not strategically or military. The US need trust in order to function, and attacking would loose them all trust globally, making it much much more severe than anything any other nations would struggle with.
- sajithdilshan 4mo agoI don't think entire EU would cut ties with US. US would definitely try to divide and concur and I think they would be successful. Not every country in EU sees US as an enemy (especially conservative and right leaning governments in EU)