| Trade is all about giving the other person something they don't have, and receiving from that person something you don't have. Regardless of what EU productivity is slated to be, it will not eliminate the need for trade from either side. If it was, then why would the US need to trade anything since we have been the most productive?
The EU will continue to need natural resources for production, with the dollar being weak many of them will also look to the US as a vacation destination. You'd have to go over the actual production numbers of each category to determine what would be imported, what would be exported and what would change. |