I think we're all aware that EU is trying to become more independent, but as of right now basically everything they do online, or really anything with technology at all, is American in some way. That's a lot of "soft power" and it will take decades, maybe a century, for EU or UK to replace it.
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Tarrifs cost US consumers not EU consumers.
If the US wants to ban AWS from operating in the EU that's just going to accelerate the shift away, for example.