US aerospace and defence manufacturers have warned of higher costs as the turmoil from Donald Trump’s trade war continues to disrupt the industry’s global supply chains.
Larry Culp, chief executive of GE Aerospace, said the jet engine maker would rely on price increases and other measures to reduce the impact of tariffs on its business even as the company reaffirmed its full-year earnings forecast. Culp said he had urged President Trump and other people in the administration to restore the industry’s tariff-free regime.
“We have been?.?.?.?full-throated in our support of the administration’s efforts to support American competitiveness and revitalise American manufacturing,” Culp told analysts on an earnings call.
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