"For technical reasons, there is not one “absolute” figure for the average tariffs on EU-US trade, as this calculation can be done in a variety of ways which produce quite varied results. Nevertheless, considering the actual trade in goods between the EU and US, in practice the average tariff rate on both sides is approximately 1%. In 2023, the US collected approximately €7 billion of tariffs on EU exports, and the EU collected approximately €3 billion on US exports."
https://ec.europa.eu/commission/presscorner/detail/en/qanda_...
Why do Peterbilt trucks still exist? Don't US truckers deserve to drive Scanias and Volvos?
Lee Kuan Yew referred to Europe as "fort Europa" for a reason many decades ago..
Even with global regulation. I think it would take a decade to do what the federal governments could otherwise do in a year. The EU is an instructive example here.