The EU may not have been formed to screw the US, but...
US president aims to address steep trade imbalances with plans for 25pc tariffs
www.telegraph.co.uk
531 - 333 Euros = 200 Euros or 210 USD, not 300 USD.
It appears that Trump is doing the same to the EU that he is to Canada. Our calculations suggest a number closer to 100 BUSD than the 200 BUSD that Trump claims.
But we are somewhere between 20 and 80 BUSD short on defence expenditures according to Trump.
Likewise the Europeans are short on covering off their defence. An article read recently, in a European paper, asserted that the US covers 1/3 to 1/2 of Europe's defence costs. That seems to be borne out by this article.
Europe could need 300,000 more troops and an annual defence spending hike of at least €250 billion in the short term to deter Russian aggression
www.bruegel.org
It may be necessary to spike the Euro budget in the short term. It may be possible to pull back a bit over time once the warehouses are properly filled and an effective force is trained and made available.
And on effective forces
My money always bets on inefficiencies. It the Euros want to replace 300,000 cohesive Americans then they should plan on raising 500,000 local troops organized under half-a-dozen local national Corps (UK, France, Germany, Poland, Italy for starters)