Finance, Taxes, Insurance
U.S.-EU Trade Deal Spares Aerospace from Tariffs
Agreement avoids 15% tariffs that go into effect for other products on August 1
Dassault Falcon 6X business jet
Dassault Falcon 6X business jets made in France would have been impacted by U.S. tariffs of 15% were it not for terms agreed in the U.S.-European Union trade deal.

Aircraft and aviation parts will be exempt from tariffs under the U.S.-European Union trade agreement announced on Sunday by President Donald Trump and European Commission President Ursula Von der Leyen. From August 1, most other EU imports to the U.S. will be subject to a 15% tariff, but a 50% tariff will be charged on aluminum and steel.

Both NBAA and GAMA welcomed the “zero-for-zero” agreement for the aerospace sector, with both organizations having lobbied the Trump administration on this point. The exemption mirrors the terms previously agreed in a trade deal between the U.S. and the UK in late June.