European Aerospace Braces for Tariffs as Trump Returns to White House
Airbus CEO warns of significant U.S. protectionist policies that could disrupt transatlantic trade and European economic recovery.
- Airbus CEO Guillaume Faury has cautioned that the European aerospace industry is preparing for 'very strong' protectionist measures under Donald Trump's second presidential term.
- Trump's campaign promises included tariffs of 10-20% on foreign goods, with higher rates on Chinese imports, raising concerns about potential economic fallout.
- European aerospace companies, still recovering from pandemic-related supply chain issues, face added pressure from geopolitical tensions and competition.
- The UK could experience indirect impacts from U.S.-EU trade disputes, despite not being a primary target of Trump's proposed tariffs.
- Analysts warn that U.S. protectionism could trigger global economic instability, with risks of inflation, market volatility, and slowed growth in Europe.