In retaliation, the EU has announced tariffs on a wide variety of imported US products, including whiskey, Levi’s jeans and Harley-Davidson motorcycles. The European Commission has downgraded its the spring economic growth forecast for the European Union to 1.3% from 2% in the spring . The EC also cut its growth estimates for the bloc's major economies, including the UK , which was revised down to 1.3% from 1.3% , the second -lowest of the member nations. European expansion was forecast at 1.7% from 2% . Pierre Moscovici , European commissioner for economic and financial affairs, taxation and customs, said trade tensions with the US , uncertainty surrounding Brexit and weak consumer confidence were weighing on the UK economy, while the EU faced geopolitical headwinds.
The European Commission has downgraded its the spring economic growth forecast for the European Union to 1.3% from 2% in the spring . The EC also cut its growth estimates for the bloc's major economies, including the UK , which was revised down to 1.3% from 1.3% , the second -lowest of the member nations. European expansion was forecast at 1.7% from 2% . Pierre Moscovici , European commissioner for economic and financial affairs, taxation and customs, said trade tensions with the US , uncertainty surrounding Brexit and weak consumer confidence were weighing on the UK economy, while the EU faced geopolitical headwinds.