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EU trade deal is really fair all things considered. tariff extraction is approximately equal to trading surplus
EU<->USA trade imbalance with USA including services is around $48b
350b EU exports covered by 15% tariffs
350b*15%=52.5b
14.7.2025
i cant help but viewing tariff games through the lens of maximizing value extraction
its the job of the federal government to maximizing extractable value from our trading partners
that means the optimal tariffs is set to where there is zero marginal benefit to selling an additional unit of goods to the United States
of course this only works, if extracted value is returned to the taxpayer
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