The EU's executive branch said on Thursday it would initiate a dispute with the World Trade Organization, involving the U.S. "countdown" tariff policy and tariffs on automobiles and auto parts.

The European Commission further stated that if no trade agreement was reached with Washington, it would conduct public consultations on U.S. imports worth 95 billion euros ($107.4 billion).

The list contains hundreds of agricultural and industrial projects as well as bourbon, tequila and other spirits, which are pain points among trading partners, and U.S. President Donald Trump threatened to impose 200% tariffs on EU alcohol imports in March. No specific retaliatory tariff rates were announced.

The EU is currently seeking negotiations to avoid Trump’s 20% reciprocal tariffs on all U.S. import groups. Trump also imposed 25% tariffs on all imported vehicles, hitting many European automakers with a 25% rate of steel and aluminum.

The EU list released on Thursday also includes many aircraft and vehicle components, which will affect U.S. companies such as Planemaker Boeing.

"The EU's clear view is that these (US) tariffs are blatantly violating basic WTO rules," the European Commission said in a statement.

"The EU's goal is therefore to reaffirm internationally agreed upon matters of rule and that no WTO member, including the United States, cannot unilaterally ignore these rules."

The dispute will take the form of a formal request for consultation.

"The EU remains fully committed to finding the outcome of negotiations with the United States. We believe there is a good deal to benefit consumers and businesses on both sides of the Atlantic," EC President Ursula von der Leyen said in a statement Thursday.

"Even if it is the responsibility of the airline, for example, any measure that would seriously threaten Boeing to Europe is a serious challenge," Air Lease Corp CEO John Plueger told analysts' appeal on May 6 that the company bought Boeing aircraft and leased it to airlines around the world.

"If tariffs are to be maintained for a long time, it may eventually inspire American airline manufacturers to find additional production lines outside the U.S. to deliver products outside the U.S.," Plueger added.

The EU suspended a series of preliminary retaliation measures agreed by member states in April, a response to metal responsibilities - to achieve negotiations. If implemented, the countermeasures will target about 21 billion euros ($24.1 billion) of U.S. goods, with a major tariff rate of 25%.

Britain became the first country to conduct trade arrangements with the United States amid the current tariff turmoil, although full details have not been announced yet.

"We intend to make a deal with Europe," Trump said in announcing the UK deal.

He reiterated his past statement that the EU “unfairly” the U.S. under the 27-Nation Bloc’s commodity trade deficit, adding: “They are very interested in a deal. We will deal with them. We are currently dealing with them.”

- Ganesh Rao of CNBC contributes to this story