EU slaps Bourbon and Harley-Davidsons with tariffs in $28 billion retaliation against Trump

Harley Davidson event in Hamburg, Germany. It is a traditional event in Hamburg every year. Now the event is on the place Grossmarkt. Its the greatest Harley event in Germany. Lots of people are over 3 days there. The event starts with many partys and concerts. Traditional is the church service on sunday with the great rally over the streets of Hamburg with all bikers. Harley Davidson is a company for motorbikes since 1903." (Credit: robertmandel—Getty Images)

The European Union stepped its fomenting trade war against the U.S. with a €26 billion ($28 billion) round of import tariffs, announced almost immediately after the U.S. rolled out a 25% tariff on steel and aluminum coming from the bloc.    

U.S. steel, agriculture, and consumer goods are set to face steep import tariffs into the EU from April after the bloc agreed to reintroduce tariffs brought in during the first Donald Trump administration. The latest tranche of EU tariffs would account for 5% of U.S. imports to the union, which amounted to €531.6 billion ($580 billion) last year.