Chancellor Rachel Reeves is already trying to revive a stagnating U.K. economy while meeting her own rule that government spending must be paid for out of tax revenues.
U.S. aviation safety regulators significantly stepped up their oversight of Boeing after a door-sized panel blew off an airborne 737 Max in January 2024.
Farley said the tariffs would be a boon to South Korean, Japanese and European companies that are bringing 1.5 million to 2 million vehicles into the U.S.