I literally made that meme about 15 years ago, and I always feel proud when it unexpectedly pops up

Based on an overwhelming amount of economic studies of tariffs in the last 100 years, the EU should ignore it. Why enact tariffs on American goods and make life more expensive for Europeans? Studies show EU businesses will raise prices accordingly. The citizens will be worse off.

However, based on our knowledge of how politicians act, they’ll take the bait and retaliate, thus making things more expensive for EU citizens.