The US has a moderate goods trade deficit with Europe but a massive services surplus with Europe. Trump's tariffs are only calculated based on the goods trade

The US has a moderate goods trade deficit with Europe but a massive services surplus with Europe. Trump's tariffs are only calculated based on the goods trade deficit. Putting a massive tariff on American services like Netflix would allow Europe to shrink that services deficit significantly. At the same time it would likely shrink the goods surplus slightly due to the substitution effect. Europe can inflict massive pain on America in retaliation at the same time as moving the numbers in a direction that it appears Trump wants.