RTX, GE Aerospace expect more than $1 billion tariff impact [CNBC]
General Electric Company (GE)
Last general electric company earnings: 4/30 04:02 pm
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Source: CNBC
GE Aerospace's CEO, Larry Culp, said he recently met with President Donald Trump. The aerospace industry, including companies that produce engines, airplanes and other products in the United States, relies on a global supply chain. Men work with a jet engine at General Electric (GE) Celma, GE's aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. and expect a more than $1 billion impact combined from President Donald Trump's tariffs on imported goods and materials, the latest sign of for major U.S. manufacturers that rely on a global supply chain. Neil Mitchill, chief financial officer of defense contractor and commercial aerospace supplier RTX, said on an earnings call on Tuesday that the company will likely take a $850 million hit this year from tariffs, including the sweeping 10% tariffs that Trump imposed earlier this month alongside higher duties on countries like China and separate duties on imported steel and aluminum. That estimate doesn't includ
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