L’Oréal (OTCPK:LRLCF) (OTCPK:LRLCY) is spearheading a coalition of European cosmetic companies urging the European Union to exclude American counterparts from its list of potential retaliatory tariffs,

The US spirits industry is bracing for pain after the European Union targeted American whiskey in retaliation against President Donald Trump’s steel and aluminum tariffs.

The European Union will wait until mid-April to impose retaliatory tariffs against some U.S. imports—including a 50% tax on American whiskey—to allow time for negotiations with the U.S. and a review of the products that will be subject to the new tax, the EU’s governing body, The European Commission, announced Thursday.