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TimesLIVE
a day ago
- Business
- TimesLIVE
Five nations and EU urge Trump not to impose new aircraft tariffs
Five nations and the EU, as well as airlines and aerospace firms worldwide, have urged the Trump administration not to impose new national security tariffs on imported commercial aircraft and parts, documents released on Tuesday showed. Airlines and aircraft manufacturers have been lobbying President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement that has yielded an annual trade surplus of $75bn (R1.32-trillion) for the US industry. The documents made public by the US commerce department bared concerns about the fallout of possible new tariffs expressed by companies as well as Canada, China, Japan, Mexico and Switzerland, besides the EU. 'As reliable trading partners, the EU and US should strengthen their trade regarding aircraft and aircraft parts, rather than hinder it by imposing trade restrictions,' the EU wrote. It would consider its options 'to ensure a level playing field', it added. Trump has imposed tariffs of 10% on nearly all aircraft and parts imports. 'No country or region should attempt to support the development of its domestic aircraft manufacturing industry by suppressing foreign competitors,' the Chinese government wrote. Separately, US manufacturer Boeing cited a recent trade deal unveiled in May with Britain that ensures tariff-free treatment for aircraft and parts. 'The US should ensure duty-free treatment for commercial aircraft and their parts in any negotiated trade agreement, similar to its efforts with the UK,' Boeing told the commerce department in a filing. Mexico said in 2024 it exported $1.45bn (R25.7bn) in aircraft parts, a 10th of the total, to the US. The EU said it took US exports of aircraft worth about $12bn (R212.72bn), while exporting about $8bn (R141.82bn) of aircraft to the US. In early May, the commerce department launched a 'section 232" national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for higher tariffs on such imports. Last week, Delta Air Lines and major trade groups warned of tariffs' impact on ticket prices, aviation safety and supply chains. 'US tariffs on aviation are putting domestic production of commercial aircraft at risk,' Airbus Americas CEO Robin Hayes said in a filing. 'It is not realistic or sensible today to create a 100% domestic supply chain in any country.' Boeing said it had been increasing US content in its aircraft over the past decade and its newest models, the 737 MAX 10 and 777X, would have 'more than 88% domestically-sourced content'. The United Auto Workers union, which represents 10,000 aerospace workers, said it supports tariffs and domestic production quotas, adding US aerospace employment has fallen to 510,000 in 2024 from 850,000 in 1990. 'To safeguard the aerospace supply chain across the commercial and defence sectors, comprehensive tariffs and production quotas on several products are needed,' it said. JetBlue Airways opposed new tariffs, however, saying: 'Trade policy should reinforce, not destabilise, the proven systems that keep our aircraft flying safely and affordably.'
Straits Times
a day ago
- Business
- Straits Times
Five nations and EU urge Trump not to impose new airplane tariffs
President Donald Trump has already imposed tariffs of 10 per cent on nearly all airplane and parts imports. PHOTO: REUTERS Five nations and EU urge Trump not to impose new airplane tariffs WASHINGTON - Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts, documents released on June 10 showed. Airlines and planemakers have been lobbying President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement that has yielded an annual trade surplus of US$75 billion (S$96.5 billion) for the US industry. The documents made public by the US Commerce Department bared concerns over the fallout of possible new tariffs expressed by companies as well as nations such as Canada, China, Japan, Mexico and Switzerland, besides the European Union. 'As reliable trading partners, the European Union and United States should strengthen their trade regarding aircraft and aircraft parts, rather than hinder it by imposing trade restrictions,' the EU wrote. It would consider its options 'to ensure a level playing field', it added. Mr Trump has already imposed tariffs of 10 per cent on nearly all airplane and parts imports. 'No country or region should attempt to support the development of its domestic aircraft manufacturing industry by suppressing foreign competitors,' the Chinese government wrote. Separately, US planemaker Boeing cited a recent trade deal unveiled in May with Britain that ensures tariff-free treatment for airplanes and parts. 'The United States should ensure duty-free treatment for commercial aircraft and their parts in any negotiated trade agreement, similar to its efforts with the United Kingdom,' Boeing told the Commerce Department in a filing. Mexico said in 2024 it exported US$1.45 billion in aircraft parts, just a tenth of the total, to the United States. The EU said it took US exports of aircraft worth roughly US$12 billion, while exporting about US$8 billion of aircraft to the US. In early May, the Commerce Department launched a 'Section 232' national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for even higher tariffs on such imports. Last week, Delta Air Lines and major trade groups warned of tariffs' impact on ticket prices, aviation safety and supply chains. 'Current US tariffs on aviation are putting domestic production of commercial aircraft at risk,' Airbus Americas CEO Robin Hayes said in a filing. 'It is not realistic or sensible today to create a 100 per cent domestic supply chain in any country.' Boeing said it had been increasing US content in its airplanes over the last decade and its newest airplanes, the 737 MAX 10 and 777X, would have 'more than 88 per cent domestically-sourced content'. The United Auto Workers union, which represents 10,000 aerospace workers, said it supports tariffs and domestic production quotas, adding that US aerospace employment has fallen to 510,000 in 2024 from 850,000 in 1990. 'To safeguard the entire aerospace supply chain across the commercial and defense sectors, comprehensive tariffs and production quotas on several products are needed,' it said. JetBlue Airways opposed new tariffs, however, saying, 'Trade policy should reinforce, not destabilise, the proven systems that keep our aircraft flying safely and affordably.' REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
Yomiuri Shimbun
a day ago
- Business
- Yomiuri Shimbun
Five Nations and EU Urge Trump Not to Impose New Airplane Tariffs
Reuters A picture taken through a telescope shows a silhouette of an aircraft against the sun during a partial solar eclipse in the settlement of Kojori outside Tbilisi, Georgia October 25, 2022. WASHINGTON, June 10 (Reuters) – Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts, documents released on Tuesday showed. Airlines and planemakers have been lobbying President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement that has yielded an annual trade surplus of $75 billion for the U.S. industry. The documents made public by the U.S. Commerce Department bared concerns over the fallout of possible new tariffs expressed by companies as well as nations such as Canada, China, Japan, Mexico and Switzerland, besides the European Union. 'As reliable trading partners, the European Union and United States should strengthen their trade regarding aircraft and aircraft parts, rather than hinder it by imposing trade restrictions,' the EU wrote. It would consider its options 'to ensure a level playing field,' it added. Trump has already imposed tariffs of 10% on nearly all airplane and parts imports. 'No country or region should attempt to support the development of its domestic aircraft manufacturing industry by suppressing foreign competitors,' the Chinese government wrote. Separately, U.S. planemaker Boeing BA.N cited a recent trade deal unveiled in May with Britain that ensures tariff-free treatment for airplanes and parts. 'The United States should ensure duty-free treatment for commercial aircraft and their parts in any negotiated trade agreement, similar to its efforts with the United Kingdom,' Boeing told the Commerce Department in a filing. Mexico said in 2024 it exported $1.45 billion in aircraft parts, just a tenth of the total, to the United States. The EU said it took U.S. exports of aircraft worth roughly $12 billion, while exporting about $8 billion of aircraft to the U.S. In early May, the Commerce Department launched a 'Section 232' national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for even higher tariffs on such imports. Last week, Delta Air LinesDAL.N and major trade groups warned of tariffs' impact on ticket prices, aviation safety and supply chains. 'Current U.S. tariffs on aviation are putting domestic production of commercial aircraft at risk,' Airbus Americas CEO Robin Hayes said in a filing. 'It is not realistic or sensible today to create a 100% domestic supply chain in any country.' Boeing said it had been increasing U.S. content in its airplanes over the last decade and its newest airplanes, the 737 MAX 10 and 777X, would have 'more than 88% domestically-sourced content.' The United Auto Workers union, which represents 10,000 aerospace workers, said it supports tariffs and domestic production quotas, adding that U.S. aerospace employment has fallen to 510,000 in 2024 from 850,000 in 1990. 'To safeguard the entire aerospace supply chain across the commercial and defense sectors, comprehensive tariffs and production quotas on several products are needed,' it said. JetBlue Airways JBLU.O opposed new tariffs, however, saying, 'Trade policy should reinforce, not destabilize, the proven systems that keep our aircraft flying safely and affordably.'
Time of India
a day ago
- Business
- Time of India
Global Outcry Against US Proposed Aircraft Tariffs: Five Nations and EU Respond, ET Infra
Advt Advt Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts, documents released on Tuesday and planemakers have been lobbying President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement that has yielded an annual trade surplus of $75 billion for the US. documents made public by the US. Commerce Department bared concerns over the fallout of possible new tariffs expressed by companies as well as nations such as Canada, China, Japan, Mexico and Switzerland, besides the European Union."As reliable trading partners, the European Union and United States should strengthen their trade regarding aircraft and aircraft parts, rather than hinder it by imposing trade restrictions," the EU would consider its options "to ensure a level playing field," it has already imposed tariffs of 10 Per cent on nearly all airplane and parts imports."No country or region should attempt to support the development of its domestic aircraft manufacturing industry by suppressing foreign competitors," the Chinese government US. planemaker Boeing cited a recent trade deal unveiled in May with Britain that ensures tariff-free treatment for airplanes and parts."The United States should ensure duty-free treatment for commercial aircraft and their parts in any negotiated trade agreement, similar to its efforts with the United Kingdom," Boeing told the Commerce Department in a said in 2024 it exported $1.45 billion in aircraft parts, just a tenth of the total, to the United States. The EU said it took U.S exports of aircraft worth roughly $12 billion, while exporting about $8 billion of aircraft to the early May, the Commerce Department launched a "Section 232" national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for even higher tariffs on such week, Delta Air Lines and major trade groups warned of tariffs' impact on ticket prices, aviation safety and supply chains."Current US. tariffs on aviation are putting domestic production of commercial aircraft at risk," Airbus Americas CEO Robin Hayes said in a filing."It is not realistic or sensible today to create a 100 Per cent domestic supply chain in any country."Boeing said it had been increasing US. content in its airplanes over the last decade and its newest airplanes, the 737 MAX 10 and 777X, would have "more than 88 Per cent domestically-sourced content."The United Auto Workers union, which represents 10,000 aerospace workers, said it supports tariffs and domestic production quotas, adding that U.S. aerospace employment has fallen to 510,000 in 2024 from 850,000 in 1990."To safeguard the entire aerospace supply chain across the commercial and defence sectors, comprehensive tariffs and production quotas on several products are needed," it Airways opposed new tariffs, however, saying, "Trade policy should reinforce, not destabilize, the proven systems that keep our aircraft flying safely and affordably."
RTHK
a day ago
- Business
- RTHK
China joins growing chorus over planes, parts tariffs
China joins growing chorus over planes, parts tariffs Boeing is among companies in the industry weighing in against tariffs on planes and parts. File photo: AFP Five nations and the European Union, as well as airlines and aerospace firms worldwide, urged the Trump administration not to impose new national security tariffs on imported commercial planes and parts, documents showed. Airlines and planemakers have been lobbying President Donald Trump to restore the tariff-free regime under the 1979 Civil Aircraft Agreement that has yielded an annual trade surplus of US$75 billion for the US industry. The documents made public by the US Commerce Department on Tuesday bared concerns over the fallout of possible new tariffs expressed by companies as well as nations such as China, Canada, Japan, Mexico and Switzerland, besides the European Union. "As reliable trading partners, the European Union and United States should strengthen their trade regarding aircraft and aircraft parts, rather than hinder it by imposing trade restrictions," the EU wrote. It would consider its options "to ensure a level playing field", it added. Trump has already imposed tariffs of 10 percent on nearly all airplane and parts imports. "No country or region should attempt to support the development of its domestic aircraft manufacturing industry by suppressing foreign competitors," the Chinese government wrote. Separately, US planemaker Boeing cited a recent trade deal unveiled in May with Britain that ensures tariff-free treatment for airplanes and parts. "The United States should ensure duty-free treatment for commercial aircraft and their parts in any negotiated trade agreement, similar to its efforts with the United Kingdom," Boeing told the Commerce Department in a filing. Mexico said in 2024 it exported US$1.45 billion in aircraft parts, just a tenth of the total, to the United States. The EU said it took US exports of aircraft worth roughly US$12 billion, while exporting about US$8 billion of aircraft to the U.S. In early May, the Commerce Department launched a "Section 232" national security investigation into imports of commercial aircraft, jet engines and parts that could form the basis for even higher tariffs on such imports. Last week, Delta Air Lines and major trade groups warned of tariffs' impact on ticket prices, aviation safety and supply chains. "Current US tariffs on aviation are putting domestic production of commercial aircraft at risk," Airbus Americas chief executive Robin Hayes said in a filing. "It is not realistic or sensible today to create a 100 percent domestic supply chain in any country." Boeing said it had been increasing US content in its airplanes over the last decade and its newest airplanes, the 737 MAX 10 and 777X, would have "more than 88 percent domestically-sourced content." The United Auto Workers union, which represents 10,000 aerospace workers, said it supports tariffs and domestic production quotas, adding that US aerospace employment has fallen to 510,000 in 2024 from 850,000 in 1990. "To safeguard the entire aerospace supply chain across the commercial and defense sectors, comprehensive tariffs and production quotas on several products are needed," it said. JetBlue Airways opposed new tariffs, however, saying, "trade policy should reinforce, not destabilize, the proven systems that keep our aircraft flying safely and affordably". (Reuters)
