With a trade surplus of more than $86 billion in 2017, America’s aerospace and defense industry boasts the largest positive trade balance of any manufacturing sector. The Aerospace Industries Association released the following statement from AIA President and CEO Eric Fanning today following the announcement of the 301 tariff list:
“AIA shares our government’s concerns about cybersecurity and intellectual property. AIA supports a dialogue on these matters and retaliatory tariffs that could negatively impact the U.S. aerospace and defense industrial base and international supply chain. We encourage solutions that preserve the substantial economic benefits of healthy global aerospace trade and an industry that supports 2.4 million American jobs.”
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