91��Ƶ

The European Union plans to impose retaliatory tariffs on U.S. imports, including on Boeing Co. aircraft, if President Donald Trump puts a baseline levy on the bloc’s goods as many expect.

The world economy is at a “pivotal juncture” as trade tensions flare, members of the IMF said in a draft statement after discussions that have been overshadowed by the trade war.

The EU is exploring potential areas for deeper cooperation with the U.S., such as increased liquefied natural gas imports and closer alignment on addressing China’s trade practices.