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0 0 0.0252202452927967 0.0197788910001728 0.0252202452927967 0.0242053895318709 0.0103644843669028 0.0105372257730178
Stock impact report

Aerospace firms scour contracts over tariffs after supplier challenge [Yahoo! Finance Canada]

Howmet Aerospace Inc. (HWM) 
Reuters reported on Friday that U.S. supplier Howmet Aerospace had declared a "force majeure event," effectively claiming the right to halt shipments if they were affected by U.S. President Donald Trump's tariffs. Howmet makes engine parts, fuselage fasteners and other components. Analysts said Howmet's rare and unexpected declaration that it can legally avoid contract obligations due to unavoidable circumstances will amplify debate about who should bear the cost for chronic disruption to parts supplies, including new tariffs. So far, the answer has been passengers, as higher costs ripple along an $800-billion-plus supply chain from parts to aircraft and airlines, and ultimately to higher fares. Trump's 20% tariffs on European Union products including Airbus planes, and likely EU retaliation against U.S.-based Boeing, may put that to the test. "Howmet has made a chess move, declaring force majeure and threatening to halt shipments. We all know it takes just one nut or bolt Show less Read more
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