Canadian aerospace groups warn fresh tariffs could raise costs on engine repairs, parts - BNN Bloomberg
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Article Excerpt
MONTREAL — Escalating U.S. tariffs and Canadian retaliatory duties could raise costs on items from aircraft components to engine repairs, according to aerospace trade groups in Canada, as a fresh round of the U.S.-led trade war looms.
U.S. President Donald Trump’s administration is set to enact reciprocal tariffs on trading partners on April 2, widening a dispute that has already slapped 25% duties on steel and aluminum imports to the U.S., sparking retaliation from Canada.
While reports suggest some sector-specific goods would be excluded, counterstrikes are already being weighed, with Cana…
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