Tariffs are devastating for the smaller market and highly dependent on whether you can sell the stuff that is tariffed elsewhere in the world and whether the ot

Tariffs are devastating for the smaller market and highly dependent on whether you can sell the stuff that is tariffed elsewhere in the world and whether the other side can buy the stuff that is getting tariffed elsewhere in the world. The stuff the US gets from Europe is pretty specialized and given the US tendency to continuously isolating itself while others are making trade deals, the others could just decide to do world economy without the US at some point. If the US didn't had the singular role of the USD it would have been in dire trouble a while ago. Now the incentives for keeping the USD are getting less and less. If Trump was an agent to hurt the US position in the world, he wouldn't do anything differently.