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Reuters
an hour ago
- Reuters
Boeing's contract offer rejected by union members
July 27 (Reuters) - Union members who assemble Boeing's (BA.N), opens new tab fighter jets in the St. Louis area have "overwhelmingly voted" to reject the company's contract offer on Sunday. Boeing's proposal, which was sent on Tuesday to more than 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837, included a 20% general wage increase over four years and a $5,000 ratification bonus, as well as more vacation time and sick leave. "The proposal from Boeing Defense fell short of addressing the priorities and sacrifices of the skilled IAM Union workforce," the IAM union said. Boeing did not immediately respond to a Reuters' request for a comment. The current contract expires on Sunday following which there is a seven-day cooling off period before a strike would begin, the union added. Boeing's defense division is expanding manufacturing facilities in the St. Louis area for the new U.S. Air Force fighter, the F-47, after it won the contract earlier this year.
Reuters
3 hours ago
- Reuters
Bangladesh orders 25 Boeing planes as part of push to ease US tariffs
DHAKA, July 27 (Reuters) - Bangladesh has ordered 25 aircraft from Boeing (BA.N), opens new tab and ramped up imports of key American goods in an effort to defuse trade tensions and bring down the steep tariffs imposed by the Trump administration, a senior official said on Sunday. The moves are part of a broader strategy to narrow a $6 billion U.S. trade deficit with Bangladesh and avoid a looming 35% tariff hike that has rattled the country's export sector, especially the garments industry which risks losing competitiveness in one of its largest markets. "We need new aircraft urgently, possibly within the next couple of years," Commerce Secretary Mahbubur Rahman told reporters. "Initially, it was 14 planes — now it's 25," he said, referring to an earlier plan to purchase aircraft from the U.S.-based manufacturer. Alongside the aircraft deal, Bangladesh is boosting imports of wheat, soybean oil and cotton from the United States. A new agreement signed earlier this month will see the country import 700,000 tonnes of U.S. wheat annually over the next five years. Officials hope that these steps will help improve trade relations with Washington and soften the impact of the Trump administration's tariff measures.
ITV News
11 hours ago
- ITV News
Trump to hold trade talks with European Commission president as his Scotland visit continues
Donald Trump will meet the president of the European Commission on Sunday for trade talks as work gets under way on his five-day visit to Scotland. The US President arrived on Friday night and was then seen playing golf at his Trump Turnberry resort the following day. On Sunday he will meet European Commission Ursula von der Leyen for talks on the trading relationship between Europe and the US. It comes as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming. Leaving the White House on Friday, Trump said 'we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU.' He said the deal would have to 'buy down' the currently scheduled tariff rate of 30% on the bloc of 27 member states. Later, von der Leyen posted on X that, 'Following a good call' with Trump, the pair had 'agreed to meet in Scotland on Sunday to discuss transatlantic trade relations, and how we can keep them strong.' The US and EU seemed close to reaching a deal earlier this month, but Trump instead threatened a 30% tariff rate on the bloc of nations. However, Trump's original deadline for beginning such tariffs has already passed, and is now delayed until at least Friday. Without an EU deal, the bloc said it was prepared to retaliate with tariffs on hundreds of American products, ranging from beef and auto parts to beer and Boeing airplanes. The talks come ahead of discussions with Prime Minister Sir Keir Starmer on Monday, which are also expected to focus on the issue of trade. The UK and the US struck a trade deal recently, with discussions between the two men expected to focus on this – with reports suggesting Starmer will be looking for the US to cut the tariffs for British steel. Trump is also due to meet Scottish First Minister John Swinney. Speaking ahead of the talks, Swinney said it was his responsibility to 'raise global and humanitarian issues of significant importance, including the unimaginable suffering we are witnessing in Gaza' with the President. Saying he wanted to 'ensure Scotland's voice is heard at the highest levels of government across the world', Swinney added: 'That is exactly what I will do when I meet with President Trump during his time in Scotland.' On Tuesday, he'll be in Aberdeen, in northeast Scotland, where his family has another golf course and is opening a third next month. Trump and his son Eric are planning to help cut the ribbon on the new course, where public tee times starting in August are already on offer. On Saturday he was spotted playing a round at the famous Turnberry course, which he purchased back in 2014. A massive security operation was in place as the president played golf on the course. He drove his own golf buggy, but a heavy security presence saw Trump flanked by a fleet of similar vehicles. Even before he took to the course, police officers and military personnel could be seen searching the area around the Trump Turnberry resort – which has had a metal fence erected around it as part of heightened security measures. No protesters were seen while he was golfing on Saturday – but hundreds of people gathered in both Edinburgh and Aberdeen for demonstrations against his visit organised by the Stop Trump Coalition.
