US mulling $3.1bn new tariffs on UK and European goods

The US is weighing up new tariffs on £3.1bn (?2.5bn) of exports from the UK, France, Germany and Spain as trade tensions between the Trump administration and Europe rise again. 

The US Trade Representative wants to impose new tariffs on European exports including olives, beer, gin and trucks, while increasing duties on certain products including aircrafts, and cheese, according to a notice published late last night. 

More to follow. 

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