The EU has officially imposed tariffs on US jeans, motorcycles, bourbon and other items in response to a similar move from the US. The measures have some experts fearing the world could be headed for a trade war.
European Union retail tariffs on US goods came into force on Friday, in response to US tariffs on steel and aluminum.
The EU said it has no choice after failing to secure an exemption to US President Donald Trump’s tariffs, but the response has raised fears of a global trade war.
What the EU is aiming for
The tariffs target $3.4 billion worth of American imports, including:
Steel products such as bar, rolled steel, stainless steel, wire, pipe, chain, pipe and scaffolding, as well as kitchen appliances, ovens, ladders and sinks.
Clothing and textiles such as jeans, men’s leather shoes and bed linen.
Eye makeup and lipstick.
500cc “reciprocating internal combustion engine” motorcycles and mopeds, as well as some boats, yachts, canoes and rowboats.
Grocery products such as corn, rice, cranberries, cranberry juice, orange juice, candy corn, and peanut butter.
Truck products such as bourbon, whiskey, cigarettes, cigars, cheroots (a type of thin cigar) and other types of tobacco.