EU slaps tariffs on US products as trade war erupts

Brussels The European Union (EU) slapped revenge tariffs on iconic US products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump. Within hours, Trump responded with a threat to impose a 20 percent tariff on cars imported from the European Union. The EU tariffs, which took effect at midnight according to the EU's official journal, will further fuel jitters on world stock markets that are already alarmed by trade tensions between the United States and China.