Used, when dealing with the EU, most of our exports and imports come from the EU. Money is mainly kept within the EU.
As for "American's being from America" and "America being a country", you are aware people from Brazil are American? And people from Mexico are American? And people from Canada are American?
I'm sure the world economy would take a huge dive if the US was ignored by all traders... but any economy can take a huge hit and survive. Just look at the Wallstreet Crash.
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