Regulations and Government
Aircraft Exempt from New U.S. Tariffs, but Future Unclear
Rebate path uncertain, along with future tariff possibilities
The U.S. Supreme Court has reversed a lower court decision to award a former Air Wisconsin pilot $1.2 million for defamation of character. (Photo: U.S. Supreme Court)
The U.S. Supreme Court has reversed a lower court decision to award a former Air Wisconsin pilot $1.2 million for defamation of character. (Photo: U.S. Supreme Court)

In a move called a “stunning sea change,” aircraft and associated products are once again exempt from U.S. tariffs as a result of the U.S. Supreme Court decision on Friday to strike down tariffs imposed through the International Emergency Economic Powers Act (IEEPA) and then subsequent actions by the White House, according to legal and trade experts.

However, the experts participating in an NBAA webinar on Monday agreed that several issues remain unresolved, including whether new tariffs would be imposed eventually that include aircraft and associated components. Also at issue is whether those who have paid the tariff will be eligible for reimbursement, and what might happen to the myriad trade agreements negotiated on the basis of the former tariffs.