Europe’s Best Tools for Countering Trump
https://www.project-syndicate.org/commentary/how-europe-should-respond-to-trump-tariff-threats-by-daniel-gros-2026-01
European exporters depend more on the US market than American exporters do on Europe, which means the EU is poorly positioned for a tit-for-tat tariff war with the US. But with targeted export tariffs, taxes on royalties, and the elimination of US Treasuries' risk-free status, the EU could hit the US where it hurts.
https://www.project-syndicate.org/commentary/how-europe-should-respond-to-trump-tariff-threats-by-daniel-gros-2026-01
European exporters depend more on the US market than American exporters do on Europe, which means the EU is poorly positioned for a tit-for-tat tariff war with the US. But with targeted export tariffs, taxes on royalties, and the elimination of US Treasuries' risk-free status, the EU could hit the US where it hurts.