Most international trade between the U.S.and the EU takes the form of

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Intra-industry trade refers to the exchange of goods within the same industry between countries. This is usually between countries that have similar production structures and therefore trade goods that are similar in quality, but may differ in variety. This is by far the most common form of trade between the U.S. and the EU. Both regions have similar levels of development, are major producers of goods and services, and have similar consumer preferences. As a result, there is a lot of intra-industry trade between the U.S. and EU in goods such as automobiles, chemicals, electronics, and pharmaceuticals.

Most International Trade Between the U