After all the build-up, the transatlantic trade war has truly begun. US tariffs on steel are reciprocated with EU tariffs on jeans and Harley Davidsons. When announcing the EU tariffs president Ursula von der Leyen was clear that she is open to dialogue with the Americans to deescalate the trade conflict. We have seen in his modus operandi that this is how Donald Trump likes to operate. Bold statements and excessive tariffs to extort trading partners and get a better deal. He has been doing it to Mexico, Canada and Ukraine, and will do so to Europe. However, in exchange...