Turbulence in the Skies: EU and U.S. Battle Over Jet Tariffs

In an unfolding trade drama, aerospace companies brace for potential repercussions as the European Union prepares counter-measures against U.S. tariffs on European goods, notably targeting Boeing jets, industry insiders report. This is in retaliation to tariffs imposed on Airbus planes and other products.

The European Commission is set to announce these counter-measures on Thursday, following European Trade Commissioner Maros Sefcovic's announcement in Singapore. The Financial Times highlights the EU's intention to slap tariffs on Boeing jets, marking a significant move in an escalating trade war.

The conflict, bearing economic consequences, could see civil aircraft added to the roster of U.S. imports subjected to tariffs. Industry giants call for diplomacy and a return to duty-free trade, as the looming tariffs threaten to disrupt the $150 billion jet industry, already reeling under the strain of geopolitical tensions.

(With inputs from agencies.)