The only problem is that this `reciprocal` tariff is based on lies and fabrications...
If you import into the EU, then the custom tariff is mostly 0% but of course certain product groups have a small custom associated with them.
Then you pay ~20% VAT on importing and this is seemingly what he uses as an attack point. However, businesses can just forward these 20% down the chain and it's how all taxation in Europe works, from internal or external sources. So ... in one word: It's all bullshit and he just, as usual, doesn't understand what he's rambling about.
Because of his past brain farts, Occam's razor would be that Trump didn't know or didn't understand it. Only other reason for him saying this, would be that he is intentionally misleading people. Frankly i can't even decide which is worse. And which one is the reason for OP spreading this?
Last time tariffs this high contributed to great depression being so bad. That ended by WW2, so re they planning WW3 to fix this next? Congratz for anyone who saw this coming and shorted markets.