Here’s a headline that caught our attention:

The 1979 Agreement on Trade in Civil Aircraft established a zero-for-zero tariff regime, eliminating all customs duties on civil aircraft, engines, and parts by 1980, fostering a level playing field that propelled the U.S. aerospace industry to global dominance with a $75 billion trade surplus.

Unfortunately, because Trump’s tariffs apply to business inputs, they are increasing costs for U.S. airlines, disrupting supply chains, and making U.S. aircraft less competitive against Chinese and European manufacturers, risking international market share.