Trump's tariffs: Europe's opportunity
The nascent trade war between China and United States offers unique opportunities for Europe. Both countries will start hoarding huge quantities of exportable goods sitting idle in warehouses, ports and airports. Steep sale price increases caused by the tariffs will throttle demand in the U.S. and China creating enormous stocks of unsold goods. Exporters in both countries will have to slash prices in order to entice the rest of the world to absorb the excess stocks.
This is where Europe as the world's largest market comes in because it could absorb part of Chinese and American overproduction if prices fall enough to attract European consumers.
European producers will, of course, try to impede these cheap imports, be it American soya beans or Chinese dollar store gadgets. Still, European consumers will benefit from Trump's trade war.
This advantage would largely compensate Europe for the loss of its own exports to the USA due to Trump's new tariffs
Heinrich von Loesch US tech giants. Amazon, Meta, Google and Co. earn around half their profits in the EU. A digital tax or punitive measures would hit them directly and hard. Never before has the matter been so openly talked about in the EU. Jeff Bezos, Mark Zuckerberg, Sundar Pichai and other Trump-loving CEOs will want to prevent this happening at all cost. Particularly because their companies have lost billions during the short time Trump has been in office. ... It's time they used their influence. " Tagesspiegel