EU's manufacturing muscle

Some feel worried that the United States' intensified efforts to bring US manufacturing enterprises overseas back to the US will directly affect China.

However, the rejuvenation of the US manufacturing, if it materializes, is expected to have the most direct repercussions for Europe, given the similarity of Europe's industrial structure to that of the US.

Compared with Europe, the US enjoys more attractiveness in terms of energy prices, owing to its exploitation of shale oil and gas resources. While the high-welfare and high-tax policies widely adopted by European countries also give the US an upper hand.