WASHINGTON, D.C., 28 July 2025 – The National Business Aviation Association (NBAA) has welcomed the announcement of a new trade agreement between the United States and the European Union (EU) that reinstates zero-for-zero tariffs on aerospace products. The move follows a similar agreement with the United Kingdom in June and marks a reversal of the tariffs previously imposed on aircraft and parts imports.
Earlier this year, the U.S. administration introduced a 10% tariff on most aircraft and parts imports, with plans to raise that to 30% for EU-origin products in August. Under the new agreement, these tariffs will no longer apply to aerospace goods traded between the U.S. and the EU.
NBAA President and CEO Ed Bolen highlighted the significance of the 1979 Agreement on Trade in Civil Aircraft, which has underpinned U.S. leadership in aerospace safety and innovation for decades. “NBAA applauds the administration’s decision to return to the zero-for-zero tariff agreement for aircraft and component products traded between the United States and the European Union,” said Bolen. “This decision restores a level playing field on trade, allows for continued innovation in aerospace, and strengthens the exceptional trade surplus the U.S. has enjoyed in this sector for decades.”
The 1979 agreement has supported a $104 billion U.S. trade surplus in aerospace products, creating 1.8 million American jobs and leading all other sectors in contributing to the national trade balance. NBAA has urged the administration to extend the zero-for-zero tariff policy to all other signatories of the original civil aircraft trade agreement.
Founded in 1947, NBAA represents over 10,000 members in the business aviation community and hosts the NBAA Business Aviation Convention & Exhibition (NBAA-BACE), the world’s largest civil aviation trade show.
SOURCE AND IMAGE: NBAA
