Finance, Taxes, Insurance
U.S. Transportation Leader Hints at Aviation Tariff Compromise
Trump administration may remove aerospace from wider trade deal negotiations
Sean Duffy
U.S. Transportation Secretary Sean Duffy. © AIA

Divisions over U.S. tariffs have been in plain sight at the Paris Air Show, with political leaders from multiple aerospace nations trying to find a way through or around the problem. Canada this week signaled its intent to decouple from its immediate neighbor and forge closer ties with Europe, while U.S. Transportation Secretary Sean Duffy hinted that the Trump Administration may consider removing aviation from its standoff with what it views as trade adversaries.

Speaking during a fireside chat yesterday with Aerospace Industries Association president and CEO Eric Fanning, Duffy insisted that the U.S. is legitimately using tariffs to rebalance trade deficits. However, he acknowledged that free trade has benefited aviation. “It’s been remarkable,” he said. “The White House understands that. If you go there and see the new parts of what they are doing, it’s a lot.”