Forbes says 'Trump tariff impact on aerospace could be huge and costly'
NEW YORK - Yesterday President Trump reiterated his intent to impose 25% tariffs on Canada and Mexico and an additional 10% tariff on China. These three countries are America’s largest trading partners and make up 40% of all US international trade, Jerrold Lundquist writes for Forbes.
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The Military & Aerospace Electronics take:
4 April 2025 -Forbes' Lundquist says that tariffs on aerospace imports could have a dramatic impact on the U.S. economy, given the sector’s size and global interconnectivity. Aerospace manufacturing, a major high-tech industry employing over 2 million people, is the second-largest export category, generating $126 billion annually. Boeing, the country’s top exporter, relies on a global supply chain where parts frequently cross international borders, complicating tariff enforcement.
Canada and Mexico are key suppliers, with Canada exporting 56% of its aerospace products to the U.S. and Mexico supplying Boeing with over $1 billion in components annually. Tariffs could disrupt this system, increasing costs and delays. Regulatory constraints make sudden shifts in supply networks difficult.
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Jamie Whitney, Senior Editor
Military + Aerospace Electronics
