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How Will Rising Trade Tensions
Impact the Aerospace Industry?
Last July, US President Donald Trump imposed a large number of tariffs on China, hoping to strike up a deal for better trade practices. So far, the US has implemented tariffs on $250 billion of Chinese products and China has responded with about $185 billion on US goods. At this point, neither side is willing to back down, and many industries are starting to feel the effects. As trade has been the biggest sector affected, airlines are planning for lowered overall profits.