The United States won approval on Wednesday (October 2) to impose tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters. Watch this video to know more.

US wins backing for $7.5 bln tariffs on EU in jet subsidy clash

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US wins backing for $7.5 bln tariffs on EU in jet subsidy clash