US aerospace and defense companies are warning of higher costs as a result of President Trump’s tariffs. The tariffs, which were imposed on various foreign goods, have triggered a ripple effect across the industry.
Companies such as Boeing and Lockheed Martin are concerned about the impact of the tariffs on their supply chains and manufacturing processes. They say that the increased costs will be passed on to consumers through higher prices for aircraft and other defense-related products.
Industry experts predict that the tariffs will lead to increased costs for US-based aerospace companies, which could affect their competitiveness in the global market. The situation is being closely monitored by policymakers, who are seeking to mitigate the effects of the tariffs and protect American jobs.
The impact of Trump’s tariffs on the aerospace industry is just one example of how the president’s trade policies are affecting various sectors across the US economy.
Source: https://www.ft.com/content/07198bbf-e402-49a9-9480-85800497aa6e