Trump 2.0 wants to go to (trade) war with the EU, threatening 200% tarifs on alcohol and calling us “one of the most hostile and abusive taxing and tariffing authorities in the World”.
Here in the EU, we've done a really good job of convincing ourselves (and the United States, apparently) that we're not a huge and valuable market.
The US has a population of 340 million. The EU is a single market of nearly 500 million.
The US and EU have similar levels of poverty. However, better income equality and more comprehensive social security nets in the EU mean more of our population are able to still spend money.
Importantly, our “middle class” isn't declaring bankruptcy because of medical debt.
Or student debt, for that matter. In the EU's two largest countries, France and Germany, university education is free. Here in Germany, I pay an admin fee of around €270 per semester.
Germany might struggle a little with this new plan to decoupling from the US economy, but most other European countries buy and sell to other European countries.
And China.
Trump 2.0 seems to have forgotten that China exists, eager and waiting to snap up any and all trade and industry cooperation the US lets slip through its isolationist little fingers.
China is already making moves on climate cooperation with the EU. And Chinese foreign policy has long sought to strengthen the EU and build a “multipolar” world (see video).
Oh, and the grape wine industry is booming in China. Has been for a good ten years already.