Any other President would have left the EU's 26%* tariffs on America in place, while Trump is trying to get them all removed (or equal)
It's not like there was a zero-tariff situation before Trump's second term
* 5% avg tariff + then 20% avg VAT
It's not like there was a zero-tariff situation before Trump's second term
* 5% avg tariff + then 20% avg VAT
So, 5% tariffs.
Also, I mean, realistically most stuff that Europe buys from the US isn’t _final consumer products_; the VAT gets applied further down the chain. I’m struggling to think of a major US import that _is_ a final consumer product. Some alcohol, I suppose?
(Also, per the World Bank, the EU’s weighted effective tariffs (ie based on what is actually traded) are 1.39% (a little lower than the US’s pre-Trump II positioning); not sure where you got 5%.)
No he's not