EU slaps tariffs on $3.4 billion in U.S. products

A cargo ship arrives at a German port in Hamburg. Photo: Elena Eliachevitch/Getty Images

The European Union announced Wednesday that it will impose tariffs on American goods starting in July in response to President Trump's decision not to exempt Europe from sweeping aluminum and steel tariffs, reports AP. The EU exported 5.5 million tons of steel to the U.S. in 2017.

The details: The EU tariffs will affect about $3.4 billion worth of U.S. products. The goods caught in the crossfire include bourbon whiskey, motorcycles, denim, cigarettes, cranberry juice, orange juice, some pants and shorts, some bedlinen, corn, tobacco, t-shirts, motor boats, some rice, some beans, peanut butter, and forms of aluminum and steel.