LONDON (AP) — Aviation is soaring: Passenger traffic is up, fuel prices are under control and rising demand from Asia is driving aircraft orders. So what could possibly go wrong?
One big thing: A trade war.
Aircraft makers at this week's Farnborough International Airshow, a biannual extravaganza where billions of dollars of planes and parts are bought, say thousands of jobs are at risk in this most international of industries as U.S. President Donald Trump threatens to raise tariffs on a variety of goods and other countries prepare to retaliate.
While Trump has said trade wars are "good and easy to win," aviation experts say American companies like Chicago-based Boeing will take the first hit because most of U.S. aerospace production goes to foreign buyers.