The U.S. Commerce Representative's Office confirmed late Thursday that tariffs on $ 7.5 billion of European goods will take effect Friday. Aircraft produced in the EU will be released at 10% tariff, while other products, such as cheese and whiskey, will be released at 25% tariff rates. The Trump administration announced the move earlier this month after the World Trade Organization ruled that the United States could impose tariffs in retaliation for the EU's illicit preferential treatment for aircraft manufacturer Airbus SA. President Donald Trump said Wednesday that the United States could not lose a trade war with Europe because of the large trade imbalance that exists. "I can remedy the situation very easily," Trump said.