US defense exports sector braces for responses to Trump tariffs
Responses to the Trump tariffs, which have gone into effect today on June 1st, may have negative consequences on U.S. industries, including defense exports. Fears of a trade war have escalated as Europe, Canada, and Mexico have suggested retaliatory measures. Stock prices of the “big five” defense firms slipped slightly amidst a 200-point drop in the Dow Jones industrial average.
