Just a very - very general opinion about all of this …
IMO punitive tariffs are necessary, if other nations subsidise products, which is unfair and indeed compromises local business. AFAIK China does this plenty of the time for critical raw materials and products as well (example: solar panels, human ressources etc.).
But the most overseas export/import cases from the EU are not driven by exceptional-low prices of EU based manufacturers. Example: Cars like Audi, BMW, Mercedes are as expensive in other countries as in Germany. I think, nobody buys them, because they are more affordable then other cars from the local industry. Often those companies have subsidiaries, which produce for the local markets directly in the region and create jobs there. Same goes for industrial products of the EU like production facilities, power plants, machines etc. In such cases punitive tariffs are helping nobody and creating damage for everybody. At the end this will cost jobs on all sides.
My problem here - and that’s very frustrating - is an administration with much influence, which seems to act irrational. I strongly believe that somebody in the US will make a profit out of this, but at the cost of many people wordwide, who only want to make a good job and living and would prefer to be better left alone