Reported about 18 hours ago
Howmet Aerospace, a key supplier for Airbus and Boeing, has warned that it may suspend shipments if affected by tariffs imposed by President Trump. In a letter to customers, the company declared a force majeure event, indicating it could excuse itself from contract obligations under certain unavoidable circumstances. This declaration is significant within the $150 billion jetliner industry, as Howmet seeks to negotiate with clients on mitigating the impact of these tariffs, which are part of an escalating trade dispute that has raised fears of a recession.
Source: YAHOO