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News to Know
Sigh of Relief: Here's What the Recent EU-US Trade Deal Means for Aviation
(SOURCE: SIMPLE FLYING)
After months of tension, softening demand and creative tariff-skirting solutions, the European Union and United States came to a trade agreement last week. It has largely been regarded as a positive turn in the aviation industry.
The tariffs and trade deal involves goods and services across industries and is not exclusively limited to aviation. Most notably, it covers energy, steel, and agricultural sectors, to name a few. Reportedly, heavy lobbying from
Delta Air Lines and GE Aerospace meant favorable agreement terms for aviation.
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