Most important part of these tariffs:
“The trade rule allows packages to be shipped from foreign countries directly to consumers or businesses without paying tariffs, as long as the shipments do not exceed $800 per recipient per day. The new proposal would strip that exemption from a wide array of products and most likely have a significant impact on large importers of Chinese goods such as Shein and Temu, two online marketplaces that have become popular with American shoppers.”
This trade rule being taken advantage of by Aliexpress, Temu, and Shein is the sole reason why significant amounts of Americans could still afford to buy a lot of consumer goods despite having their real wages crash year after year. This would genuinely trigger another cost of living crisis
Yes, even harder than America, but the sole reason is because USA wants to cut Europe from any geopolitical alternative and thus the EU compradors cut off from Russia, causing serious crisis, and for example in Poland we hear talk about taxing Chinese imports more and more. Thing that stops them somewhat is the fact that nearly everything sold in EU including all the treats, are made in China.