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Bourbon barrels are charred inside an oven. Photo: Luke Sharrett / Bloomberg via Getty Images

The European Union is putting pressure on President Trump's decision to impose steep across-the-board tariffs on steel and aluminum by threatening "tit-for-tat" tariffs of 25% on $3.5 billion worth of American products, Bloomberg reports.

Why it matters: While iron and steel are on the EU's list, the bloc also targeted items designed to strike the American heartland and prominent politicians. Some of the items set for tariffs include motorcycles (Harley Davidson is located in Paul Ryan's Wisconsin), jeans, orange juice and Mitch McConnell's prized bourbon whiskey.

Go deeper

Updated 9 mins ago - Sports

Simone Biles won't compete in individual vault or uneven bars Olympic finals

Photo: Loic Venance/AFP via Getty Images

Simone Biles will not compete in the individual vault or uneven bars finals at the Tokyo Olympics, USA Gymnastics announced Friday.

Why it matters: Biles drew global attention after pulling out of the individual all-around and team finals to prioritize her mental health. It's unclear if she will compete in the balance beam or floor exercise events.

26 mins ago - Sports

American Katie Ledecky wins Olympic gold in women's 800m freestyle

Photo: François-Xavier Marit/AFP via Getty Images

American superstar swimmer Katie Ledecky grabbed her second gold medal of this year's Olympic Games, winning the women's 800-meter freestyle race Saturday in Tokyo.

Driving the news: Ledecky, who holds the world record in the 800m freestyle, is considered one of the best women swimmers of all time. Earlier this week, she snagged gold in the first-ever women's 1500m freestyle and took home silver medals in the 400m freestyle and the 4x2100m freestyle relay.

38 mins ago - Sports

Caeleb Dressel breaks world record in men's 100m butterfly, wins 3rd gold in Tokyo

Photo: Jean Catuffe/Getty Images

American swimmer Caeleb Dressel broke the world record in the men's 100-meter butterfly final in Tokyo on Saturday, picking up his third gold medal of this year's Games.

The big picture: Dressel finished with a time of 49.45 seconds. Hungary's Kristóf Milák won the silver, and Switzerland's Noe Ponti took the bronze.