The European Union (EU), along with the other major countries in Europe, should be a geopolitical force to be reckoned with. In 2024, the EU was the second-largest economy in the world after the US and before China.
There is also nothing comparable to the trading links between these three players. In 2025, bilateral trade in goods between the US and China was US$414 billion (£307 billion). The EU and US, meanwhile, constitute a staggering third of global trade – with trade between them coming in at €1.77 trillion (£1.53 trillion) that same year.
