financetom
Business
financetom
/
Business
/
U.S. aero group open to select tariffs supporting natl security, industry
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
U.S. aero group open to select tariffs supporting natl security, industry
Jan 17, 2025 8:29 AM

(Reuters) - The largest U.S. aerospace trade group on Friday opened the door to discussions on specific tariffs, after incoming President-elect Donald Trump suggested slapping duties on countries like Mexico and Canada.

Aerospace Industries Association (AIA), which represents U.S. planemaking and defense giants like Boeing and General Dynamics, waded in on the prospect of tariffs for the first time, saying in a statement it would discuss how to tailor them to protect national security and key industries.

The statement did not give specifics.

"We are eager to work with the Trump administration to discuss where tariff policy may support our products, while also ensuring the industry is empowered to continue growing in a way that supports U.S. national security needs and maintains our position as a leading high-technology, U.S.-centered manufacturing sector," the statement said.

Trump's warning in November about potential 25% tariffs on imports from Mexico and Canada have already triggered threats of retaliation from Ottawa and raised concerns among sectors like automotive that the move could also hit U.S. industry.

In 2023, Canada was the top import country and third largest export destination for aerospace and defense trade with the United States, according to AIA. Mexico was not among the top five.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CN Energy Regains Compliance With Nasdaq Minimum Market Value Rule
CN Energy Regains Compliance With Nasdaq Minimum Market Value Rule
Oct 11, 2024
10:34 AM EDT, 10/11/2024 (MT Newswires) -- CN Energy Group ( CNEY ) said Friday it regained compliance with Nasdaq's minimum market value of publicly held shares, or MVPHS, requirement. The company said it was notified about noncompliance in September due to its Class A ordinary shares failing to maintain the $1,000,000 MVPHS threshold for 30 consecutive trading days. CN...
Duke Energy's Florida Unit Starts Power Restoration in Areas Affected by Hurricane Milton
Duke Energy's Florida Unit Starts Power Restoration in Areas Affected by Hurricane Milton
Oct 11, 2024
10:43 AM EDT, 10/11/2024 (MT Newswires) -- Duke Energy's ( DUK ) Florida unit said Friday it is assessing damage caused by Hurricane Milton and has started power restoration in affected areas, with estimated restoration times expected later Friday. The company said it has restored power to nearly 350,000 customers, but more than 850,000 outages still exist. Severe infrastructure damage...
Delta Air Lines Q3 Earnings Hit by Hurricane, Crowdstrike Outage; Demand to Rebound by Mid-November, Morgan Stanley Says
Delta Air Lines Q3 Earnings Hit by Hurricane, Crowdstrike Outage; Demand to Rebound by Mid-November, Morgan Stanley Says
Oct 11, 2024
10:44 AM EDT, 10/11/2024 (MT Newswires) -- Delta Air Lines ( DAL ) Q3 earnings came short of expectations due to Hurricane Helene and disruptions from the Crowdstrike ( CRWD ) outage and management believes that without these events it would have achieved the high end of its outlook, Morgan Stanley said in a note on Friday. The company issued...
Tigo Energy Reappoints Anita Chang as Operations Chief
Tigo Energy Reappoints Anita Chang as Operations Chief
Oct 11, 2024
10:33 AM EDT, 10/11/2024 (MT Newswires) -- Tigo Energy ( TYGO ) said Friday it reappointed Anita Chang as chief operating officer. Chang previously served as Tigo's COO from 2020 to 2023 and was vice president of operations and general manager China from 2015 to 2020, the company added. Tigo's shares fell nearly 2% in recent trading. Price: 1.26, Change:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved