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Applied to America, this trade effect can be good in that many Americans may then turn to American made, thus increasing the benefits to our own economy.
One critical aspect of trade that the Euro has affected is the price of crude oil. There is a movement by OPEC, the Organization of Petroleum Exporting Countries, currently gaining steam to utilize the Euro in pricing of oil in place of the Dollar...
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This is a negative for the OPEC members, who as a business want to attain the most profit possible.
However, the change from Dollar to Euro would have not only economic impacts, but also political and symbolic.("OPEC Mulls Move to Euro for Pricing Crude Oil") The US has long been viewed as the powerhouse nation...
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