Tariffs will drive up the cost of airplanes, the United States' star export

Tariffs will drive up the cost of airplanes, the United States' star export

Airplanes, engines and other aerospace parts would get more expensive under the new tariffs.

The two aircraft manufacturers have everything to lose from the measures decreed by the US President on the night of Wednesday to Thursday as the value chain of the sector is globalized.

Boeing CEO Comments on Impact of Trump Tariffs on Company

Boeing CEO on Trump tariffs impact: “It depends on what the tariffs are. I obviously don’t know that…80% of the commercial airplanes we deliver are outside the United States. Free trade is very important to us…we really are the ideal kind of an export company.”

Tariffs will drive up the cost of airplanes, the United States’ star export

The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters President Donald Trump‘s sweeping tariffs are set to drive up the cost of Boeing and Airbus planes, GE Aerospace engines, and hundreds of other aerospace and defense products, threatening an industry that helps soften the U.S. trade deficit by more than $100 billion a year…

Tariffs drive up the cost of airplanes, the United States' star export

The post Tariffs drive up the cost of airplanes, the United States’ star export appeared on BitcoinEthereumNews.com. The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters President Donald Trump’s sweeping tariffs are set to drive up the cost of Boeing and Airbus planes, GE Aerospace engines, and hundreds of other aerospace and…

The massive tariffs imposed by Donald Trump on a large number of the United States' trading partners will have an impact on the global economy. The US president's move will disrupt supply chains built over years, which is a problem especially for manufacturers of sophisticated machinery and equipment. The tariffs will be a real test, especially for the American aircraft manufacturer Boeing.