close
close
CEO from GE Aerospace calls for a tariff -free trade in the aviation sector | aviation

It is estimated that the tariffs GE Aerospace cost more than 500 million dollars this year.

Larry Culp, CEO of GE Aerospace, has campaigned for developing a delicate regime for the aerospace industry as part of the agreement on the trade in civil aircraft from 1979 during a meeting with US President Donald Trump.

On Tuesday, Culp said in an interview with the Reuters news agency that the position of the company was “understood” by the administration, and added that the zero-duty regime of the US air and space industry helped to enjoy an annual commercial surplus of USD 75 billion.

“I argued that it was good and would be good for the country,” Culp told Reuters.

Trump’s trade war has created the greatest uncertainty for the aerospace industry since the Covid 19 pandemic. It has also led to a breakdown of the decades of duty -free status in the industry, in which aircraft deliveries were brought into the hover.

The uncertainty has left some of the GE Aerospace customers to forecast their business. In the meantime, one of the company’s prominent suppliers, Howmet Aerospace, has warned that he could last some programs if they are affected by tariffs.

Culp said the company has not found any disruptions in deliveries from HowMet. The supplier based in Pittsburgh is currently working on the new high-pressure turbine blade for the Leap 1A engine, which GE Aerospace produces in a joint venture with France’s Safran SA.

“This ramp has gone very well here in 2025,” he said.

The GE Aerospace has dealt with challenges of the supply chain, which led to a decline in engine deliveries last year. Last week Airbus said that it was challenges with engine deliveries because CFM was “well behind the curve behind the curve”.

Culp said the company was “well -oriented” with the needs of the European planner for this year, but added that the tariffs Supply -chain risks created.

Costs of the tariffs

It is estimated that the tariffs GE Aerospace cost more than 500 million dollars this year. The company uses foreign trade zones and available trading programs such as Duty disadvantages to alleviate the effects. It also uses cost controls and a tariff surcharge to protect its margins.

Culp’s comments have come under pressure on another air and space giant in the past few days. Last week China Airlines asked to terminate aircraft for aircraft from the US company Boeing in the middle of the impending trade war.

The economic uncertainty The trade has also called for a tribute for travel issue. When softening travel expenses, there is a growing risk that airlines can move their engine orders.

Culp said other airlines would occur if an airline decides to stop delivering. “There are many other people in line and take their place,” he said.

(Tagstotranslate) Economy

Leave a Reply

Your email address will not be published. Required fields are marked *