Maybe, but I think you’re overselling the EU a bit. Yeah, there have been some high profile changes (in terms of stuff that makes the media), but I wonder how much that actually matters.
The EU hasn’t really ever been a big importer of US goods anyway, at least not for decades. The biggest importers of US products are Mexico, China, and Canada. The US imports a fair amount from the EU, so if they retaliate with tariffs of their own, the US will just buy less from them, which will hurt the EU more than the US.
The US will have a bunch of negatives in the short term too, but I guess we’ll see if those are permanent or just represent a shifting in trade partners.
Maybe, but I think you’re overselling the EU a bit. Yeah, there have been some high profile changes (in terms of stuff that makes the media), but I wonder how much that actually matters.
The EU hasn’t really ever been a big importer of US goods anyway, at least not for decades. The biggest importers of US products are Mexico, China, and Canada. The US imports a fair amount from the EU, so if they retaliate with tariffs of their own, the US will just buy less from them, which will hurt the EU more than the US.
The US will have a bunch of negatives in the short term too, but I guess we’ll see if those are permanent or just represent a shifting in trade partners.