What's especially interesting is that the market already had tariffs priced in, yet what Trump announced was SO bad that the markets have dropped another 10%...
My European friends and family are amused... China is going to take the US' place in the world economy, Europe will become more self-sufficient and innovative, the US turning mercantilist will simply reduce their influence in the global marketplace... There's not much the world truly NEEDS from the US... Stuff like semiconductors were outsourced long ago, ASML and TSMC are the most important companies in that equation, neither are American.