US Delays Aircraft Tariffs, Orders Talks After Security Threat Finding on Jet Imports
Updated
Updated · Bloomberg · Jul 10
US Delays Aircraft Tariffs, Orders Talks After Security Threat Finding on Jet Imports
2 articles · Updated · Bloomberg · Jul 10
Summary
Trump signed a proclamation Thursday telling the USTR and Commerce Department to start negotiations on commercial aircraft, jet engines and parts instead of imposing tariffs immediately.
Howard Lutnick’s investigation triggered the move by concluding that imports of those products pose a US national security threat.
The decision leaves potential trade restrictions on the table while the administration seeks import adjustments from trading partners through talks.