BMClogo

The Trump administration is currently detecting the impact of imported commercial jets, engines and other aircraft parts on national security, a copy of the federal notice was made public on Friday.

The Ministry of Commerce began its investigation on May 1 according to the notice.

The department is seeking public comment on the current demand for commercial aircraft and jet engines, the role of foreign supply chains in meeting U.S. demand for commercial aircraft and the “impact of foreign government subsidies and predatory trade practices on the competitiveness of commercial aircraft and jet engine industries.” ”

The detection marks the latest use under Article 232 of the Trade Expansion Act of 1962.

This is also after Trump’s comprehensive tariffs on steel and aluminum that entered the country last month.

Delta said last month it was figuring out how to avoid the extra costs incurred when receiving jets from Airbus this year.

“We will not impose tariffs on any aircraft delivery fees we make,” Delta executive Ed Bastian said in early April. “We will postpone any delivery of this related tax.”

The Ministry of Commerce also investigated the impact of imported medium and heavy trucks on national security.

GE Aerospace CEO Larry Culp said he met with the president in April, pushing for tax-free options to reinsert the aerospace industry and that the industry was able to enjoy a large surplus under the 1979 Civil Aircraft Agreement.

“I think this is good and good for the country,” Kurp said in an interview with Reuters in April, adding that the government “understands” the company’s position.

The government is committed to negotiating trade deals with foreign trade partners after Trump imposed a 10% benchmark tariff on nearly all foreign countries. Since then, the president has suspended reciprocal tariffs of 90 days.

Trump announced on Thursday that the United States has reached its first major trade agreement with the United Kingdom since the imposition of tariffs on Liberation Day. U.S. officials also held talks with their Chinese counterparts in Switzerland on Saturday.

China, the world’s second largest economy and a major trading partner of the United States, ordered its airlines to abandon jets from American companies (a U.S. company) amid the trade war.

The country, especially excluded from a three-month tariff pause, currently faces a 145% import tax, although the White House has suggested it could be greatly reduced.

Source link