Not 3%; 7% of 3%: 0.2%. And, even less than that, because we're not talking about 100% of US agricultural export to the EU disappearing. Nor are we talking about anything happening on any immediate timeline. But sure, there's political spin. Your viewpoints are also spun around politically. That's every viewpoint; there is no such thing as objectivity when it comes to systems this complex.

This is a good thing for the EU; more diversity in their import partners is a good thing. This is a bad thing for the EU; their farmers are about to see prices for their goods drop. This is a good thing for the US; less international demand for their products means US customers will see more stable prices. This is a bad thing for the US; because of everything you said. How it shakes out is a story for the history books; but the game that's being played right now is far bigger than you realize, and more important.