At the Paris Airshow, where US Transport Secretary Sean Duffy bolstered industry expectations for a return to tariff-free trade, Airbus signed a deal with low-cost carrier VietJet for up to 150 single-aisle planes.
In one of the most apparent indications yet that the Trump administration may support such a move, Duffy stated that he wants civil aviation to return to a 1979 zero-tariff trade pact. Duffy did, however, add that the White House was dealing with a complicated tariff scenario even though it was aware that the US is a net exporter in the aircraft industry.
For them, it has been extraordinary. “It’s an excellent area for net exporters,” he stated. “The White House is aware of that, but if you visit and observe the various moving components of what they’re dealing with, you’ll see that it’s a lot and quite intense.” For an industry already struggling with supply chain issues and dealing with new turmoil from last week’s fatal Air India tragedy and the Middle East war, US President Donald Trump’s broad 10% import tariffs are a pain in the neck.
The US Commerce Department started a “Section 232” national security inquiry into the import of commercial aircraft, jet engines, and components in early May. The probe might serve as the foundation for even greater tariffs on these goods.
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