Europe increases tariffs on $3.2-bn US goods

The European Union (EU) on Friday launched tariffs on some $3.2 billion worth of American goods, in retaliation for tariffs Donald Trump's administration imposed on imported steel and aluminium earlier this month. The bloc slapped a 25 per cent tariff on American products such as whiskey, tobacco, Harley Davidson motorcycles, cranberries and peanut butter, reports The Independent.

They also leveraged another 50 per cent tax on select items such as footwear, some types of clothing and washing machines.