U.S. Eyes New Tariffs on $3.1 Billion of EU, U.K. Exports

The video discusses the potential escalation of a transatlantic trade war due to new tariffs imposed by the US on EU countries, including France, Germany, Spain, and the UK. The US, having received permission from the WTO, plans to impose tariffs on various goods, which could lead to increased prices for products like gin and cheese. The EU is also expected to retaliate with tariffs on US goods due to subsidies given to Boeing. This situation could lead to significant trade tensions at a time when the global economy is fragile.

What was the reason for the tariffs imposed by the US on the EU?

What is the expected outcome of the trade war between the US and the EU?