human
Could you explain the differences between the European Union and North America in terms of trade?
assistant
The European Union (EU) and North America differ significantly in terms of their trade relations. The EU has a more unified approach to their trade policies, driven by a single, central trading bloc. This gives members of the EU a much greater say in the formulation of trade policy than those in North America, which is divided up into multiple trading blocs and countries, each with its own set of rules. The EU is also much more open to free trade agreements than North America, who tends to prefer bilateral agreements. In terms of exports, the EU is known for exporting goods and services to other countries, while North American countries tend to focus on goods imported from abroad. Additionally, North American countries have higher levels of protectionism and tariff restrictions on imported goods than the EU does.