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Pyro as Bill said:
RolStoppable said:

Retaliation means that we'll pay more for goods coming in from the USA which are either not relevant for the majority of people here or can be easily substituted with goods from a different country. Canada is just about the only country that has to be very careful about this, because their economy is much more intertwined with the USA than any other USA+X combination.

On the other hand, Americans will have to price higher prices for virtually everything because they have issued tariffs against virtually everyone, plus their own goods are often crap, hence why they buy so many foreign products.

In other words, countries who retaliate will have a much easier time to weather the storm than Trump and his USA can do. Hence why I am all for the EU to kick the USA's butt. Plus on a personal level, I don't buy any US goods to begin with, so there won't be any hardship on my end anyway.

US LNG and military hardware are gonna be replaced by who exactly?

Trump clearly isnt opposed to free trade if the tariffs are retaliatory. If Vietnam drops their tariffs then Trump will do likewise and the Switch 2 can be sold on the cheap.

It's good that the world is getting a lesson on what's really important.

LNG: Canada.

Military Hardware: We'll produce them ourselves now. Those 800 Billion € will get spent for the most part on European products, and Military Hardware production is increasing fast throughout Europe.

Net loser: The US, especially considering that until the 2010's more than half of the military hardware bought in Europe was American-made. But going forward this number will go down drastically entirely due to Trump. I'm sure the Military-industrial Complex in the US is very thankful already to Trump already for losing hundreds of billions in potential contracts by default already now.