Finance, Taxes, Insurance
Industry Relieved over Zero-rated EU Aerospace Tariffs
However, tariffs remain in place with aerospace sectors in Brazil and Switzerland
Dassault Falcon 6X cockpit
Dassault builds its Falcon 6X jets in France, but the aircraft’s flight decks feature U.S.-made Honeywell Primus Epic avionics.

The U.S. government this week formally implemented its new trade agreement with the European Union, with the Commerce Department and Trade Representative’s office publishing guidance on how the standard 15% tariff will apply to most imports with the exception of aircraft and aircraft parts, as well as pharmaceuticals. Industry groups, including NBAA, welcomed the Trump Administration’s concession in zero-rating European aerospace products after it had implemented a 10% tariff on these earlier this year.

Issued yesterday, the guidance states that the zero rating is retroactive to imports made since September 1. The final trade agreement is consistent regarding deals the U.S. struck with the UK in June and Japan earlier this month.