Substantial Deal With China; But No Relief (Yet) on Aircraft Parts Tariffs

President Trump said Friday that he had reached a “substantial deal” with China on the issues that are related to tariffs.

This is expected to prevent the United States from adding new and increased tariffs scheduled for October 15; however it does not appear that the United States is ready to remove existing punitive tariffs on Chinese goods.  Until those additional tariffs are removed, there will continue to be additional tariffs on aircraft parts

This is a “phase one” agreement that appears to address intellectual property and financial services concerns, and the United States and China plan to continue negotiations on other phases.

It appears that the aviation community may have to wait for a later phase before seeing any relief.