Europe will hit US products with tariffs starting Friday
European Union tariffs on products from the United States will go into effect on Friday. The European Commission announced Wednesday that it had approved initial retaliatory tariffs on US exports worth €2.8 billion ($3.2 billion). The tariffs will hit American products including motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes and denim. They are a response to the Trump administration's tariffs on steel and aluminum exports from Europe.