More US tariffs on Europe - Econ Lessons

[TexasTowelie]

My name is Mark and I am an economist. I am giving comments on the implications of Donald Trump's recent announcement of a proposed 50% tariff on all European Union (EU) imports and a 25% tariff on Apple products made outside the United States. What does this mean for the global economy, U.S.-EU relations, and consumers on both sides of the Atlantic?

I will look at:
Breakdown of the tariff proposal and market reactions

Trade imbalance data: Why Trump is targeting the EU

Economic impacts on the U.S. and EU (GDP losses, inflation, supply chains)

Sector-specific fallout: Automotive, tech, and agriculture

Strategic motivations: Is Greenland’s mineral deal with the EU a trigger?

What the EU plans to do next (possible €95 billion retaliation package)

Broader implications for global trade stability and political alliances