The European Union has drawn up a list of $20 billion worth of U.S. products it could tax in an escalating feud over plane industry subsidies.
The European Commission said Wednesday it could tax the products , which range from aircraft parts to frozen fish, in retaliation for U.S. financial support to Boeing that it says hurt Europe’s Airbus.
The extent of the EU tariffs will depend on a ruling by the World Trade Organization. Earlier in this dispute, the EU sought permission to target $12 billion worth of U.S. products. Businesses and stakeholders have through May to give feedback on the proposed tariffs.
The move comes days after the U.S. said it was preparing tariffs on $11 billion of EU goods to offset EU subsidies for Airbus that hurt Boeing.