This is a strange game of chicken.
We import significantly more than we export, creating a trade deficit. In other words, how buy more than we sell. These US tariffs lessen our deficit, in theory, because it will encourage less imports......that's if you ignore the internal economic repercussions of making importing more expensive and the lack of home born facilities that could make up for the lost imports........or how this could eat into our export revenue, completely undermining the goal of the tariffs in the first place.
And if the EU decides to tariff us back, not only will this trigger a trade war, automatically making China a winner, our trade deficits would skyrocket. From there its going to be game of who can endure ther hurt more than the other. I think Trump is hedging his bets on the US winning. In a normal timeline, we would outlast the EU but everyone hates the US now and China exists.
China exports less than they import, our opposite. And they trade with untouchables like Russia and NK., not to mention they soft power "run" Asia. Trump setting up China to be the wealthy middle man. You notice how he ain't putting 25% on China right? China can take the pain for a bit. China is damn near on every continent and they setting up shop in our backyard in South America.
These tariffs alone wouldn't be as back but Trump is doing this a month into his term, while gearing up to add upward of 1 million Americans to the unemployment line, during rising inflation, while increasing government spending and getting rid of bureaucratic safety nets.
Its giving vulture capitalism