GKN Aerospace is scrambling to assess the impact of U.S. tariffs on its global supply chain, and it may soon take mitigation measures that could include boosting manufacturing on the other side of the Atlantic from its UK headquarters. The aerostructures and engines group’s CEO, Peter Dilnot, told attendees at a press briefing in London on Thursday that the current 10% base rate tariff is “unwelcome” and could be extremely disruptive to an aerospace supply chain that is already facing significant difficulties.
Dilnot told reporters that he has executives working to establish exactly how the Trump Administration tariffs will apply in practice and what exemptions might be available. “Then you have to look at where you [as a company] sit in terms of contractual liabilities [with customers], what mitigation actions you could take, and then decide what you need to do in terms of your supply chain,” he explained.
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