Howment Aerospace (HWM.N), a resource for Airbus and Boeing (Ba.N), suspends some delivery operations if US President Donald Trump is affected, according to a message obtained by Reuters.
How nailAt his headquarters in Pittsburg, he told the letter to customers that he announced an abandoned event, a legal practice that allows the parties to avoid their obligations if they are exposed to inevitable and unpredictable external circumstances.
The company wrote: “Howment will be exempted from providing any products or services affected by this declared national emergency and/or the executive demand for definitions.”
Howment refused to comment on the content of the message.
The company is an important metal component for the global commercial aircraft industry, at a value of $ 150 billion. Boeing Wrbus immediately did not respond to requests to comment on the document, which, according to three sources in the sector, were sent to many air space chain companies.
One of the sources stated that this was the first work of its kind by a major resource for the sector since the announcement of the definitions.
Although the announcement of the force majeure does not automatically mean handing over delivery operations, it opens the way for the inability to meet the contracts if it is affected by the executive.
The message also left a room for negotiations on the transfer of customs tariff costs, saying that the company is ready to discuss customer methods to alleviate the effects of measure.
The sources warned that if the statement is considered valid, there may be a Domino effect in the supply chain, as companies are trying to transfer costs.
This measure represents another challenge to the airspace, which has already been affected by the high costs caused by imported steel and aluminum tariffs – and new definitions planned for imports from other countries.
On Wednesday, Trump ranked the trade deficit as a national emergency by announcing prices ranging from 10 % to 50 %, which increases investor tensions and feeding stagnation.
Two of the sources said that it is a common companies in this sector to compete for this type of maneuver, and the success of HWMET will depend on the unpredictability of definitions, as Trump mentioned the issue since his election campaign.