Safran Aircraft Engines CEO Olivier Andries says China will not impose tariffs on some aircraft parts, including jet engines. He made the comment during an April 25, 2025, earnings call.
“The [tariff] situation is very uncertain and can change very quickly,” he said. “China has decided to exempt from tariffs any deliveries of engines, nacelles, landing gear, or parts to China.”
Andries added that it was too early to say if the trade dispute would have a significant financial impact on the aerospace company, which generated revenues of EUR7.26 billion euros (USD8.25 billion) in the first quarter of 2025. However, he did say it was creating global economic uncertainty. As a result, Andries said Safran was implementing mitigation measures to reduce its potential exposure and was entering into commercial negotiations with customers for further impact reduction.