Europe to retaliate against US steel tariffs by hitting US jeans, bourbon, motorcycles: Report

The European Union said Tuesday it was preparing to hit a range of well-known U.S. goods with a steep 25 percent tariff, to retaliate for the 25 percent steel tariffs the U.S. plans to impose on steel imports.

The EU is getting ready to hit goods like jeans, bourbon, motorcycles, and a range of agricultural goods, in case the Trump administration goes forward with hits plan to impose its steel tariff, according to Bloomberg. President Trump has also proposed a 10 percent tariff on aluminum imports.

Europe is said to be targeting $3.5 billion worth of U.S. goods with tariffs.

European officials were expected to hit items like Harley-Davidson motorcycles and Kentucky bourbon in an effort to pressure Republican congressional leaders to get Trump to back away from his steel tariff plan. Harley Davidson is based on Wisconsin, the home state of House Speaker Paul Ryan, and Kentucky bourbon hits Senate Majority Leader Mitch McConnell right in his home state.

Bloomberg noted that jeans icon Levi Strauss & Co. is based in San Francisco, House Minority Leader Nancy Pelosi's hometown.

European Union Commission officials talked about its proposed plan with member countries on Monday.



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