EU to implement retaliatory tariffs

EU to implement retaliatory tariffs

The European Union plans to impose tariffs on Boeing aircraft as part of its proposals for further retaliation if current trade talks with the US fail. The Trump Administration has implemented a 20% tariff on the European Union, which is expected to hike the prices and impact the supply of aircraft and aircraft parts for European airlines, as reported by Travel News. The

While the UK has reached an early agreement in tariff negotiations with the US, and it has been reported that Japan is also close to reaching an agreement, the "submissive to the US" group has achieved significant results, while the European Union (EU) has not wavered in its stance of confronting the US head-on by proposing the expansion of retaliatory tariffs. Attention is focused on what kind of results this unusual bullish attitude will bring.