Eric Fanning, head of the Aerospace Industries Association, emphasized the sector's contribution to job creation and innovation, advocating for a strategy that strengthens domestic supply chains without compromising global competitiveness. While Boeing reported minor impacts from previous tariffs, engine manufacturers RTX and GE Aerospace anticipate substantial additional costs, potentially affecting their bottom lines.
Governmental efforts to protect domestic industries through tariffs are not new, and recent historical disputes between the U.S. and the EU over subsidies highlight ongoing international tensions in the aerospace sector. The outcome of this investigation remains to be seen, but the implications for the global aviation market could be significant.
Governmental efforts to protect domestic industries through tariffs are not new, and recent historical disputes between the U.S. and the EU over subsidies highlight ongoing international tensions in the aerospace sector. The outcome of this investigation remains to be seen, but the implications for the global aviation market could be significant.