French jet engine maker Safran said China had granted tariff exemptions for imports of some aerospace parts, even as it warned that the constantly shifting tariff landscape made it difficult to measure the impact on its business.
Chief executive Olivier Andriès said China had exempted “any deliveries of engines, nacelles [engine casings], landing gears or parts” from import taxes, adding that it was a sign of the fluidity of the situation.
Safran was taking measures to mitigate tariffs, he said, but would “not be shy” about passing on some of the extra costs to customers. “This tariff situation is creating inflation, so we’re going to impose a surcharge to our customers,” he told reporters and analysts on Friday.
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