The European Union will propose tariffs on Boeing Co. aircraft if talks with the US meant to de-escalate the trade conflict fail, according to a person familiar with the plan, who spoke on the condition of anonymity.

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

The EU on Thursday threatened to target US cars and planes among a raft of products worth 95 billion euros ($107 billion) if negotiations with President Donald Trump's team fail