Aircraft not included in President Trump’s global tariff
President Donald Trump has not included commercial aircraft and aircraft parts in his 15% Global Tariff.
The 15% Tariff will run for 150 days and comes into effect on 24th February 2026.
The new tariff, which had initially been set at 10% on Friday, was raised to 15% following a further announcement by President Trump via Truth Social on Saturday.
“We are advising clients that we’re looking to sell aircraft into the US to act quickly,” says Ehsan Monfared, partner, YYZLaw. “Similarly, clients who were getting a great deal on aircraft because of the spectre of 35% tariffs need to act fast to get those aircraft under contract. Speed of execution, and flexibility in legal wording in case, or for when, president trump comes up with novel additional tariffs is key for the industry currently.”
The Annexes to the Presidential Proclamation show how aircraft had been considered in advance. Annex Two shows exemptions for specific components including parts for engines.
The Global Tariff, based on section 122 of the Trade Act of 1974, is being introduced after the US Supreme Court ruled that the International Emergency Economic Powers Act does not give the President the right to impose tariffs. It was a six-three decision.
You can join our Emergency Town Hall on Tariffs on Thursday 24th February here.
