GE Aerospace CEO calls for tariff-free trade in the aviation sector | Aviation

Tariffs are estimated to cost GE Aerospace more than $500m this year.

GE Aerospace CEO Larry Culp has advocated re-establishing a tariff-free regime for the aerospace industry under the 1979 Agreement on Trade in Civil Aircraft during a meeting with United States President Donald Trump.

On Tuesday, in an interview with the news agency Reuters, Culp said the company’s position was “understood” by the administration, adding that the zero-duty regime has helped the US aerospace industry to…