The European Union is reportedly preparing to impose tariffs on Boeing aircraft and American-made cars. This action is a response to the Trump administration's tariffs on imports from the EU, according to reports.
The planned tariffs could target approximately $114 billion worth of American goods. Aerospace imports are included in the list of products to be affected.
A surcharge on Boeing planes would retaliate against US tariffs on Airbus SE. The EU aims to level the playing field between the two aerospace giants. The European Commission is expected to present a formal proposal to Washington later this week to restart negotiations.