Europe will hit US products with tariffs starting Friday

Guggenheim investment chief: Nobody wins a trade war

Guggenheim investment chief: Nobody wins a trade war

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, which will hit American products including motorcycles and denim, are a response to Trump administration tariffs on steel and aluminum exports from Europe.

This is a developing story

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Economic news – CNNMoney.com

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