The European Union (EU) has announced that it will be imposing tariffs on $4 billion worth of imports from the United States (US) in retaliation for illegal subsidies given to Boeing by the US government. This move comes after the World Trade Organization (WTO) ruled in favor of the EU in a long-standing dispute over subsidies to both Boeing and its European rival, Airbus. The tariffs are expected to hit a wide range of US products, including aircraft, tractors, and metals. The EU has stated that it remains open to negotiations with the US in order to reach a mutually beneficial resolution.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.