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My Apr 30, 2025 posting titled "Britain May Escape Unscathed from American Tariffs." quoted one part of the long article:
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 [sic; usually 'in a 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.)" )
What I added today is in boldface.
But there is another part of the article I wish to bring to your attention:
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?")
("The largest container-shipping firms -- Maersk, MSC and CMA CGM are European. Oldendorff, the world’s bulk-shipping company is German. Greek companies own more than 30% of all oil tankers and more than a fifth of the world’s LNG fleet by capacity. Although many Asian countries also hve big shipping industries, Europe enormously exceeds America’s market share (see chart)" )
My comment: In my whole life, I always wonder where Greek ship companies are, now that Aristotle Onassis was superrich. I do not know his time, but presently the bar chart shows where Greek's strength lies.
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