Donald Trump has threatened to widen his trade war by slapping tariffs on $11bn of EU goods in retaliation for subsidies supporting European aerospace giant Airbus.

The US Trade Representative released a wide-ranging list of goods, including aircraft, cheese and wine, that could be targeted by the White House, warning that "the time has come for action".

The US has complained in a long-running row that the EU unfairly helps Airbus at the expense of American rival Boeing and warned that the tariffs will be imposed this summer. The 14-page tariffs hit list targeting EU products also included butter, fish, jam, olive oil and suits.

Mr Trump later warned on Twitter that he will "soon stop" the EU taking advantage of the US on trade, arguing that the subsidies for Airbus had "adversely impacted" his country.

The measures will mark the first major escalation in trade tensions between the US and EU since a tit-for-tat tariffs exchange last year. The Trump administration put taxes on European steel and aluminium imports while the EU responded by hitting iconic American goods, targeting Harley-Davidson motorcycles, bourbon and Levi's jeans.

The latest escalation in trade tensions could be a precursor to US tariffs targeting Europe's embattled car industry. The Trump administration is mulling tariffs on EU cars after commerce secretary Wilbur Ross submitted a report in February on whether they pose a threat to national security, giving the US president 90 days to decide whether to press ahead.