EU Threatens Boeing Sanctions as Trade War With US Escalates

The European Union is poised to impose hefty tariffs on American aircraft manufacturer Boeing, as retaliation against the ongoing trade dispute initiated by former President Donald Trump’s administration. Brussels will likely launch a new round of trade penalties, targeting American civilian jets and other major exports, if negotiations with the US White House fail to yield positive results. These tariffs are estimated at €100 billion annually in US imports, pending approval from EU member states. The European Commission has indicated its commitment to moving forward with the aircraft tariffs only if the US fails to remove existing trade restrictions.