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US tariffs on $7.5 billion worth EU goods take effect
TIWN
US tariffs on $7.5 billion worth EU goods take effect
PHOTO : TIWN

Washington, Oct 18 (TIWN) The US tariffs on products from the European Union (EU) worth $7.5 billion took effect on Friday midnight.

The tariffs, which took effect just after midnight in Washington (0401 GMT), came after talks between European officials and US trade representatives failed to win a last-minute reprieve.  The WTO-endorsed onslaught from US President Donald Trump also comes as Washington is mired in a trade war with China and could risk destabilising the global economy further.  In the line of fire are civilian aircraft from Britain, France, Germany and Spain -- the countries that formed Airbus -- which will now cost 10 percent more when imported to the US.  But the tariffs also target consumer products such as French wine, which Trump had vowed to attack in recent months. Wine from France, Spain and Germany will now face 25 percent tariffs.

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