The United States is overwhelmingly an importer, whereas the EU is overwhelmingly an exporter. Not hard to guess who’d win, ultimately. Open your markets to US exports, EU. You’re the one who will lose, otherwise.
Yeah, you don’t try to “retaliate” against the world’s biggest economy... That will end badly.
EU has a VAT tax on our products. We have none. At least that’s what I’m told. So, how is that free trade?