Exhibit A
The problem is that China and the US have about half of the world’s wealth. The EU (plus uk and other EEA) control another quarter. So as annoying as it is, the EU can either negotiate with one country (USA/China) or 160+ (the rest of the world) to achieve the same financial gain. Of course economics are not everything, but when you understand the picture above, you can start seeing the problem.
Exhibit A The problem is that China and the US have about half of the world’s wealth. The EU (plus uk and other EEA) control another quarter. So as annoying as it is, the EU can either negotiate with one country (USA/China) or 160+ (the rest of the world) to achieve the same financial gain. Of course economics are not everything, but when you understand the picture above, you can start seeing the problem.