The European Union plans to impose new tariffs on imports of certain U.S. products such as bourbon whiskey, jeans, motorcycles, boats and peanut butter in mid-April. The measure i

The European Union is delaying until mid-April its retaliatory trade action over the Trump administration’s increase in tariffs on all steel and aluminum imports.

President Donald Trump on Thursday threatened to impose a massive tariff on European alcohol in response to the European Union’s retaliation against his steel and aluminum tariffs – a tit-for-tat escalation of a trade war that could easily get out of hand.