Marcus Walker

Mostly, they're not money paid by Americans.

foreign exporters to the United States, rather they are a tax on Americans.

However, they also harm exporters from other countries because as the price of imported goods go up, so sales go down.

And the evidence does show that tariffs, while being paid by Americans, also depress other countries' exports to the United States.

But beyond that,

the European Union also has this so-called bazooka known as the anti-coercion mechanism or instrument, which would be a whole load of further tariffs and restrictions on American businesses in Europe.

That, however, would need active support from a majority of European countries, which currently is not there because most European governments still want to de-escalate this dispute with the US.

They don't want to raise the stakes even further.

Thank you.