And notice that I did not imply any direct harm to Europe.
International Trade Theory 101: The US is a large importing country for many goods. If we no longer purchase those goods, then it creates surplus supply in the exporting country, prices plummet, profits plummet, and the incentive to continue producing plummets. So, no, those countries would not consume their own goods. They would respond by dramatically scaling back production in the short term and closing down businesses over the long term.
And if the US economy took a dump, then other countries would suffer economic downturns and have less disposable income as well.
See above regarding disposable income.
Impossible.
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