EU bows to Trump in new trade deal
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Boeing's chief executive Kelly Ortberg has credited the Trump administration's trade negotiation approach with increasing the manufacturer's order book, while suggesting recent deals could reduce the company's exposure to tariffs.
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The EU-US trade deal includes zero tariffs on aircraft, a big win after months of uncertainty. But Trump's tariffs could still weaken travel demand.
A looming 30% U.S. tariff on EU imports threatens to disrupt global aircraft deliveries, spike airline costs, and escalate transatlantic trade tensions.
Boeing is reeling in big orders as foreign countries try to increase purchases of American goods. Click here to see why BA stock is a Buy.
For now - provided the deal can be finally signed off by both sides - the risk of an immediate trade conflict have been averted. US president Donald Trump had threatened 30 per cent tariffs on EU imports from August 1st and the EU had drawn up a list of US goods on which it would impose tariffs of its own.
Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones.