In 2016 the US imported $416B and exported $270B to the EU. Although $11B is a large number, it's a 2.6% tax on the total. More interestingly, is what they are taxing.
Personally, I'd rather have tariffs than income tax. At least then I can choose what to buy.
Personally, I'd rather have tariffs than income tax. At least then I can choose what to buy.