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U.S.-Europe Trade Booms as Old Allies Draw Closer

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FRANKFURT—The global economic map is rapidly transforming, with trade and investment between the U.S. and Europe booming as Russia’s war in Ukraine and fraying ties between the West and China draw the trans-Atlantic allies closer.The U.S.

has imported more goods from Europe than from China this year, a big shift from the 2010s when China emerged as America’s dominant trade partner.

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