July 24, 2024


Imagination at work

Trump Administration to Raise Tariffs on EU Aircraft

The Trump administration explained Friday it would increase tariffs on aircraft coming from the European Union, as its dispute with the bloc in excess of subsidies for airplane manufacturers stays unresolved.

Starting March 18, airplanes from France, Germany, Spain and the U.K. will be subject to 15% tariffs, up from a 10% tariff that took influence in Oct.