EU holdings of US assets are massive:
EU investors now hold a record $10 TRILLION worth of US assets, according to Treasury data.
US equities represent the largest portion at $6 trillion, or ~58% of total EU holdings.
At the same time, EU holdings of US Treasuries stand at ~$2 trillion, or ~19% of the total.
Expanding beyond the EU, all European countries, including the UK, Norway, and Switzerland, reflect ~40% of all foreign Treasury holdings.
EU investors also own $2 trillion in US corporate and other bonds, and $225 billion in agency bonds.
Europe’s financial exposure to the US has never been larger.