The three countries that cover almost 90 percent of North America – the United States, Canada and Mexico – are economically very closely intertwined. The U.S. has the dominant position. It is the world’s largest economy and strongest military power. Shielded by oceans to the east and west, it projects influence globally. The continent is so rich in natural resources that it is practically self-sufficient.
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Airbus vs. Boeing: A dispute resolution crisis
Many expected the Airbus-Boeing trade conflict to be over by 2020, more than a decade after it began. However, the latest developments show that tensions could easily rise. The U.S. has not only turned down peace offers from the EU, it has also crippled the WTO, making it difficult for Europe to retaliate.