How Dangerous are Trade Disputes Between the EU and the US for Transatlantic Relations?

How dangerous is the trade dispute between the EU and the United States in a relationship beyond the Atlantic Ocean? Introduction The 15 countries that comprise the United States and the EU are the two largest economies in the world with the world's largest bilateral trade and investment relationship. The great impact of the trade relations between the two continents has created thousands of employment and wealth on both sides of the Atlantic Ocean. These trade and investment flows across the Atlantic are about 1 billion dollars a day, but world trade accounts for nearly 40% of world trade.

Economic barriers between the EU and the United States are not only due to the long-term accession of the World Trade Organization (WTO) but also through recent agreements such as the EU-US Open Sky Agreement and the work of the Atlantic Economic Commission It is relatively low. The European Commission claims that the adoption of a transatlantic trade agreement can promote a 50% increase in total trade among groups. The joint report issued by the White House and the European Commission predicts the economic interests of the "Trade Treaty"

The economic relations between Germany and the United States are hardly affected. Atlantic cross-economic partnership between the United States and the European Union began with the German initiative in 2007 and the subsequent creation of the Transatlantic Economic Commission has opened up more opportunities. The United States is Germany's major trading partner outside the EU and Germany is the most important trading partner of the United States in Europe. Germany is ranked fifth in the total of US bilateral trade (imports and exports), ranked second in the world after Canada, China, Mexico and Japan. Following the Netherlands, China, France, the United States ranked fourth in German trading partners. At the end of 2013, bilateral trade volume reached US $ 162 billion