Trump Tariffs? Europe Braces but Has No Clear Strategy NYT | Top Stories Jim Tankersley, Jenny Gross, Liz Alderman and Melissa Eddy 20 December 2024 at 16:22 The incoming president promised “tariffs all the way” unless Europe bought more U.S. oil and gas. European officials have no clear strategy for avoiding a trade war. © Mario Tama/Getty ImagesNewly imported cars in Wilmington, Calif. In 2023, the United States and the European Union traded more than $1.5 trillion in goods and services.