Brussels plans to impose tariffs on Boeing aircraft, cars and bourbon as part of a proposal for further retaliation against €72bn of annual US imports if trade talks with Washington fail.
The European Commission, which runs EU trade policy, drew up the list — seen by the Financial Times — after US President Donald Trump over the weekend declared he would levy 30 per cent so-called “reciprocal” tariffs on the bloc on August 1.
The total amount is lower than an earlier list of retaliatory measures, which would have targeted €95bn worth of US imports. Business leaders and European governments have lobbied against targeting certain industries, which they argue could hurt the EU more than it would hurt the US.
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