Reported 7 months ago
Europe's Airbus is feeling the effects of escalating trade tensions as the European Union imposed additional tariffs on Chinese electric vehicles following the United States. While avoiding direct comment on the EU's decision, Airbus emphasized the challenges posed by trade tensions on global businesses like itself. The jetmaker noted that trade tariffs increase complexity and costs for its supply chain, the company, and its customers, as it navigates discussions with China over potential aircraft orders amid a backdrop of strained trade relations and political uncertainty in Europe.
Source: YAHOO