That seems to be the current strategy, and I happen to appreciate it.
I'm pretty mad a the US for fucking up the entire world right now, but I also realise that acting on that anger is a bad idea. I appreciate the EU having some long discussions while the emotions fade.
The EU should do what does best: make things boring.
If retaliatory tariffs is the way to go, maybe do it the boring way: considered bit by bit, no flashy announcement.
Or just make a 10 year deal on LNG so Trump can say we're paying the US money every year.