Trump putting tariffs on the EU would be a tax on American businesses and a rise in cost to U.S. consumers. Trump’s 2018 tariffs led to EU retaliatory tariffs on U.S. exports and increased costs for American manufacturers. Source: EU Parliament.
https://www.europarl.europa.eu/topics/en/article/20250210STO26801/eu-us-trade-how-tariffs-could-impact-europe

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