Over the past few weeks, Donald Trump's continually escalating trade war has led many to wonder what could be in store for the United States commercial aerospace industry. By that, we are saying what will happen to Boeing , a company that is the largest and most important commercial aircraft manufacturer by a lot. The massive conglomerate does have a thriving arms manufacturing division, and it also produces things like satellites, but its principal division is Boeing Commercial Airplanes.
Get all the latest aviation news from Simple Flying! In addition to absolutely dominating the United States commercial aerospace manufacturing industry, Boeing also serves as the nation's single largest individual exporter by the overall dollar value of goods sold to foreign customers. Therefore, not only is Boeing extremely important to the American economy, it is one of the most likely companies to become a victim of Trump's latest trade war, one which has led markets to slide into correction territory and the value of the US dollar to fall to post-pandemic lows on many exchanges. Donald Trump has widely touted his tariffs on goods from Europe which could make European aircraft significantly more expensive in domestic markets.
At the same time, trade analysts for the European Union have been quick to predict that retaliatory tariffs could be in store for the United States commercial aircraft that are being exported. As a result, US-built planes could become significantly more expensive in.
