The bloc said it could target more than $100 billion worth of American products with tariffs if negotiations with the U.S. break down.

Brussels has threatened tariffs on €95bn of US exports, including cars and vehicle parts, if talks with Washington fail to end their trade conflict. The EU’s retaliation proposals would probably take effect in July, if the European Commission makes insufficient progress in persuading the US to lift tariffs on €380bn of EU exports.

The European Commission on Thursday unveiled plans to impose additional tariffs on US imports worth around €95 billion ($107 billion) if negotiations with Washington do not lead to a solution to the trade conflict.