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GE Aerospace and RTX Warn of Soaring Costs Due to Trade Restrictions

U.S.-based aerospace giants GE Aerospace and RTX have issued warnings about rising trade tariffs, highlighting that by 2025, these costs could place a significant financial burden on both companies. Combined, the tariff-related expenses for the two firms are expected to exceed $1.3 billion. GE Aerospace is planning to introduce “tariff surcharges” for customers to offset these additional costs. The company…