EU prepares tariffs on Boeing jets as transatlantic aerospace trade tensions flare

The European Union is set to impose retaliatory tariffs on Boeing jets, escalating trade tensions with the US. This action counters existing US tariffs on European goods, including Airbus aircraft. EU Trade Commissioner Maros Sefcovic confirmed the planned countermeasures if negotiations fail. Aerospace leaders from both Boeing and Airbus advocate for tariff-free trade, warning of industry-wide losses.