I think most of the European trade happens with other EU-countries, most of which share the Euro. I'm not quite sure, though. Does anyone know which percentage of our exports are headed for the US? At any rate, the EU currently is the worlds biggest trader (accounting for 20% of global imports and exports). And many countries on our export list are in Asia. I believe those tend to use the Dollar as well, so the low course of that coin certainly won't benefit our economy (short-term). Edit: I did some additional research and found out that the US acounts for 24% of EU exports and supplies 18% of its imports.
[ 12-08-2004, 12:04 PM: Message edited by: Dreamer128 ]
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