The Aerospace Industries Association (AIA) has expressed approval following the announcement of a new trade agreement between the United States and the European Union. This deal, revealed by President Trump, involves the removal of tariffs on commercial aircraft and related parts. Additionally, the EU has committed to investing in the American defense industrial base.
An AIA spokesperson commented on the development: "The U.S. aerospace and defense industry is a critical manufacturing and exporting sector for the United States, and the US-EU trade deal will help strengthen this key sector." The spokesperson highlighted that several key trading partners are involved in this agreement, which supports President Trump's goal of enhancing national security and prosperity.
The reduction of trade barriers concerning aircraft components is expected to continue a trend of significant growth in this industry over the past four decades. The spokesperson also noted that EU investments into America's defense sector would enable better equipping of allies with high-quality American-made products.
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