Story perspectives

RTX, GE Aerospace Face $1 Billion Hit from Tariffs

4/22/2025

33 7

Summary

Story summary

RTX and GE Aerospace anticipate a combined impact exceeding $1 billion from President Trump's tariffs, with RTX projecting an $850 million loss and GE Aerospace $500 million.
GE Aerospace is implementing cost-saving strategies and price hikes while upholding its 2025 earnings forecast.
Ongoing trade tensions, especially with China, could dampen demand for GE's jet engines.
Despite strong earnings, GE stock declined by 1.3%, while RTX stock experienced fluctuations due to market volatility.

1 of 1

Story summary

RTX and GE Aerospace anticipate a combined impact exceeding $1 billion from President Trump's tariffs, with RTX projecting an $850 million loss and GE Aerospace $500 million.
GE Aerospace is implementing cost-saving strategies and price hikes while upholding its 2025 earnings forecast.
Ongoing trade tensions, especially with China, could dampen demand for GE's jet engines.
Despite strong earnings, GE stock declined by 1.3%, while RTX stock experienced fluctuations due to market volatility.