NBAA Welcomes Return to Zero-for-Zero Tariffs With EU on Aerospace Products

The National Business Aviation Association (NBAA) commends the Trump Administration in welcoming a trade agreement announced with the European Union (EU), which includes a return to zero-for-zero tariffs on aerospace products. The agreement comes on the heels of a similar tariff policy established between the U.S. and United Kingdom, published in June.

Earlier this year, the administration levied a 10% tariff on most aircraft and parts imports into the U.S. On July 12, Trump stated his intention to apply a 30% tariff on imports from the EU, starting on Aug. 1. Under the agreement, the tariffs will no longer be in effect for aerospace products traded between the U.S. and the EU.

Since the implementation of the 1979 Agreement on Trade in Civil Aircraft, over 30 countries have benefited from a zero-for-zero fair and reciprocal trade agreement in civil aviation.

NBAA president and CEO, Ed Bolen, notes that the 1979 Agreement on Civil Aircraft has had an undeniably positive impact on U.S. leadership in global aerospace safety and innovation. The agreement led to a $104 billion U.S. trade surplus in the aerospace industry, leading all other sectors in bolstering the nation’s trade balance, while creating 1.8 million U.S. jobs.

“NBAA applauds the administration’s decision to return to the zero-for-zero tariff agreement for aircraft and component products traded between the United States and the European Union,” Bolen says. “This decision restores a level playing field on trade, allowing for further innovation in aerospace, securing America’s global aerospace safety leadership and growing the exceptional trade surplus the U.S. has enjoyed in the sector for decades.”

NBAA urges the administration to return to the zero-for-zero tariff policy with all other signatories to the 1979 Agreement on Trade in Civil Aircraft.