EU looks to impose retaliatory tariffs on US aircraft, cars, bourbon, FT says

Brussels is planning to impose tariffs on Boeing (BA) aircraft, cars, and bourbon as part of a proposal to retaliate against the EUR 72B of annual US imports if discussions with Washington fall apart, Barbara Moens of The Financial Times reports, citing a list viewed by the Journal. The European Commission, EC, drew up the list after U.S. President Donald Trump recently declared a 30% levy called “reciprocal” tariffs. The total amount from the proposal by the EC is lower than an earlier list of retalitory measures, which would have targeted EUR 95B worth of US imports. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).