The Trump administration last week proposed targeting a seven-page list of EU products for tariffs, ranging from large aircraft to dairy products and wine, to counteract the harm from EU subsidies for Airbus worth an estimated US$11 billion.

Brussels has responded with its own list of some US$20 billion worth of US imports, including agricultural produce from dried fruit to ketchup, planes, fish, tobacco, handbags, suitcases, tractors, helicopters and video game consoles.

The United States and the European Union have been battling for almost 15 years at the World Trade Organisation (WTO) over subsidies given to US planemaker Boeing and its European rival Airbus.

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