(2) Briefing: Could Europe Fight Back? A Dangerous Divorcée | If it comes to a stand-off, Europe has leverage over America. The Economist, Mar 15, 2025, at page 15 (under the heading "Briefing: Could Europe Fight Back?")
("Although America could retaliate in similar vein, it stands to lose more from a fight over services. Overall it exports about €100bn more in services to the EU than vice versa. That is the inverse of the trade in goods, in which Europe posted a surplus of almost €200bn last year. (Britain is different: it runs a surplus in services with America but a deficit in goods.)" )

Note:
(a) pie chart (heading: Services account for Two Thirds of British Exports to the US) in
Lucy White, Trump Tariffs on UK Would Be 'Manageable,' Economists Say. Bloomberg, Nov 14, 2024 )reproduced with permission in Msn.com)
https://www.msn.com/en-us/money/ ... inance-verthp-feeds
, where the pie chart showed the bilateral trade in both goods and services, based on data collected by Britain's Office for National Statistics (ONS). Thus "exports" is Britain's to US. That year, Britain had overall trade surplus with the US, foods and services COMBINED.

(b) Andy Bruce, Surpluses and Services Explain Why UK Might Avoid Trump Tariffs Reuters, Feb 3, 2025.
https://www.reuters.com/world/uk ... tariffs-2025-02-03/
("Unusually, both countries report trade surpluses with each other owing to differences in the way they measure trade")

My comment: For years, I have been puzzled by what Britain makes. Other than Maserati and Rolls Royce, Britain seems to make nothing I know of. Other nations in Western Europe make luxury goods.