RE: European Union Exports to the United States Hit From Two Sides
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Good point to take into account. On the other hand, European exports are already expensive and not very price-sensitive. Ozempic, ASML machines, Louis Vuitton bags, holidays in Paris, that small German family firm which makes customized surgical instruments - you can't simply replace them with an identical competitor.
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Yes, but those are pinpoint markets. There are bigger markets that will be affected.