Trump Tariffs Hit Aerospace Giants RTX and GE
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RTX and GE Aerospace anticipate over $1 billion in combined losses due to President Trump's tariffs on imported goods. RTX projects an $850 million hit from the 10% tariffs imposed earlier this month, while GE Aerospace, despite maintaining its 2025 outlook, aims to offset a projected $500 million impact through cost-cutting and price increases. GE CEO Larry Culp recently discussed the aerospace sector's trade surplus with President Trump. These losses highlight the increased costs for major U.S. manufacturers reliant on global supply chains.
RTX and GE Aerospace anticipate over $1 billion in combined losses due to President Trump's tariffs on imported goods. RTX projects an $850 million hit from the 10% tariffs imposed earlier this month, while GE Aerospace, despite maintaining its 2025 outlook, aims to offset a projected $500 million impact through cost-cutting and price increases. GE CEO Larry Culp recently discussed the aerospace sector's trade surplus with President Trump. These losses highlight the increased costs for major U.S. manufacturers reliant on global supply chains.
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