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This figure is for 2024, before the trade war with the United States started.
Trump will punish the EU with more tarifs, further accelerating the replacement.
Well, US-EU and US-Canada trade is not only replaced by EU-Canada trade, but by a number of other relationships as well. For exam
Trade in both the EU and Canada is up, despite trade with the US being down in each bloc.
Also, these things tend to snowball into bigger deals.
I still remember the huge Protests to stop TTIP and CETA for weakening Food safety Standards and consumer protection in the EU. I don’t know the contents of the current agreement, but i guess that time, big Corporate interests and the big orange pedophile pushed it through…
This clearly illustrates that the economy is not and has never been a zero sum game. If the pie can get bigger, all participants can get a bigger slice.
