US imposes tariffs worth $7.5 billion on European goods

Amid the ongoing trade war with China, the US has now taken another bold step and has imposed tariffs worth $7.5 billion on European goods. The US authorities sidelined the threat of retaliation by Airbus to bring the tariffs into effect after Thursday midnight. The tariffs were imposed as a result of failed talks between European officials and US trade representatives and will affect countries like Britain and France.