European Union Targets Aircraft, Helicopters, Food, Chemicals

The European Union has assembled a list of approximately $20 billion worth of imports from the U.S. that could face higher tariffs if a World Trade Organization arbitrator rules that the EU is entitled to that much compensation due to trade-distorting subsidies for Boeing's aircraft manufacturing.

The list targets aircraft, helicopters, tractors, heavy construction equipment, engine parts, chemicals, food and wine, cotton, and more.

European Commissioner Cecilia Malmstrom said at the list rollout on April 17, "We do not want a tit-for-tat. While we need to be ready with countermeasures in case there is no other way out, I still believe that dialogue is what should prevail between important partners such as the EU and the U.S., including in bringing an end to this long-standing dispute."