

And for some reason the stock market cheers for this.🙄
Bandage is better than no bandage. But I agree 30% is still pretty bad, and will still undermine US competitiveness in export markets.
But the real harm to US economy is that EU has decided to look at taxing services from USA. Which is completely new for EU.
As it were before Trump started this, the average tariff paid in EU on all imports from USA were a measly 1%!! How Trump got that to be unfair IDK?
USA has a deficit in goods to EU, but a huge surplus in services. And the services are way more profitable. So good going there Donnie.
Except they can get oil from Russia.