The business aviation community continues to try to absorb the ramifications of the White House’s rollout of global tariffs, but leaders are warning aircraft owners and operators to obtain expert advice on the applicability before they conduct a transaction or upgrade their aircraft. They also warn to be aware that the tariffs likely will have a broader economic impact, which in turn could affect aircraft valuations.
Using the International Emergency Economic Powers Act of 1977, President Trump on Wednesday rolled out global tariffs, announcing a baseline of 10% worldwide and, for imports from many countries, “reciprocal” tariffs that could become up to 50% higher. The 10% tariffs take effect on April 5, while the higher amounts start April 9. Most EU members, key markets in aerospace trade, are facing 20% additional tariffs, China 34%, and Switzerland 31%. Brazil remains at 10%.
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