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Teensy-tiny would be 1% or maybe 2-3%. That is practically zero. Europe had tariffs towards the US about 2.5% overall. The EU had an agreement with the US to put tariffs on Chinese electric cars, I think the EU decided on 35%.
It means that the EU has already chosen to be the partner of the US instead of China. Why is he now putting tariffs on the EU? He is punishing countries for choosing the US.
Maybe Trump means something else by “choose us”? From all other talks it could mean that he is not happy about trade deficit and he means that the EU should buy more from the US and not the other way around. I already explained that trade deficits are imaginary problem. In a free market conditions any country cannot force people to buy from the US. You have to offer things for good price for that to happen. You cannot bully customers to buy from you. But he is trying to do exactly that. Even if we could regulate the market to buy more from the US, such intervention is not good, it would make all of us poorer.
I do not think that the tariffs Trump has announced are Final For All Time.
I don't think this is the consensus of economists. At a minimum there appear to be differing schools of thought on it.
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