The US is considering imposing tariffs on about $11bn (£8.4bn) worth of goods from the European Union in response to subsidies that support Airbus.
The World Trade Organisation (WTO) has found that the subsidies have an adverse impact on the US.
Aircraft and cheese are among the products that could be hit by tariffs, the US Trade Representative (USTR) said.
The Trump administration has been fighting trade battles on many fronts.
The move would mark an escalation in trade tensions between the US and the EU.
The USTR said the value of goods that will be targeted with tariffs is subject to an arbitration at the WTO, the result of which is expected in a few months.
A preliminary list of goods has been issued for