It is useful to analyse the importance of the transatlantic links in comparison to ties with China. Taking the latest available data into account (2020 for goods and 2019 for services), total trade in goods and services between the EU and US is much higher than that between either of them with China (see indicative numbers in Figure 3). In other words, total trade between the EU and China is only 68 % of transatlantic trade, and for US trade with China, this figure stands at 58 % of its trade with the EU.
Total trade in goods and services between the EU, US and China (in € bn)
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