Aerospace Industry Gets Reprieve from EU-US Customs Duties

Dassault Aviation, a leading manufacturer of aircraft, including business jets and military planes, has welcomed the EU-US agreement to exempt the aerospace industry from customs duties. The company, which has delivered over 10,000 aircraft worldwide since 1929, reported €6.2 billion in revenues in 2024. The exemption, which applies to manufacturers on both sides of the Atlantic, is seen as a positive development for the industry. This follows an announcement on Sunday, July 27, that the agreement had been reached between the European Union and the United States on the issue of customs duties. Dassault Aviation Chairman and CEO Éric Trappier stated that the exemption is positive for manufacturers in the sector. The company has 14,600 employees and operates globally. This news was first reported by Dassault Aviation.