Sep 11th, 2020
The United States and the European Union are the two most integrated trading blocks in the world, having increased their economic interdependence with the linkages in global supply chains, e-commerce, and investment.
The trade flows between the two partners account for a third of world trade flows, totalling more than £1 trillion in 2019, and the two account for more than half of global foreign direct investment.
Yet this triangle of trade has gone through a lot recently. With the UK leaving the EU, the current political stance of the US administration, and the increasing role of China in the global economy changes the dynamics of these three trading blocs, and the position of the UK post-Brexit.
So what’s next for this powerful trio? TFG heard from Elitsa Garnizova, Senior Project Manager and Researcher, London School of Economics on the current updates and what we can expect in this UK-EU-US economic relationship.