Nothing. It doesn't matter though. If we can't trust the US administration won't just apply 50% taxes tomorrow because some EU representative said something mean to the president, then we can't rely on goods or services exported by the USA anymore.

It's just chaotic. Chaos isn't good for business. What if Microsoft were instructed, on short notice, to block EU customers from using Entra over a trade dispute? If the identity provider of millions of European customers is suddenly unavailable, work grinds to halt. That's unacceptable.

Now you might say that sounds unrealistic - but would you have expected the American president to threaten an invasion of Danish territory? Or freaking Canada?

And even if the next administration turns out to be more "normal", we won't forget that American voters don't care about anyone but themselves - they wanted this. Twice. There is virtually no guarantee the same thing won't happen again in the future, and we all have seen how quickly fruitful business relations turned to shit over a pathetic narcissistic a-hole at the helm throwing temper tantrums.

Trusting the USA has proven to be a bad strategy, even for its closest allies. That won't change all too soon.