What is the economic power of the European Union in relation to the United States?

The European Union possesses significant economic power in its relationship with the United States. Last year, the EU maintained a staggering $235 billion trade surplus in goods with the US. Additionally, EU companies own $2.4 trillion worth of assets in America, demonstrating their substantial financial influence in the US economy. This economic strength allows European nations to exert considerable leverage in negotiations, as demonstrated during Brexit. Laura Ingraham argues that these economic realities contradict the notion that European countries are defenseless or helpless without US support in today's global landscape.