Reason: US is still the super-power.
Question: Why does the US pay attention to Europe at all? Cultural ties?
Why would a change in "location of super-powerdom" change Europe's "position" as a focus of interest? In the end, might makes right. Nothing has changed since the caveman.
Somewhat to the point is that the larger European countries are still quite powerful compared to China and India in terms of force projection and that the EU market is much larger than the south and east Asian market (in nominal terms nearly twice as big as India, China and Japan combined).
Why does the US pay attention to Europe at all?
It does? That's news to me. Aside, of course, from the minimal fealty that a sovereign is due his vassals, I see very little engagement that goes beyond Sternly Worded Letters and photo-ops.
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.