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Investing.com -- Howmet Aerospace, a Pittsburgh-based aircraft parts supplier for Airbus and Boeing (NYSE:BA), might stop some of its deliveries if they are affected by the tariffs introduced by U.S. President Donald Trump. This information comes from a customer letter that has been reviewed by Reuters.
In the letter, Howmet stated that it has invoked a force majeure event. This legal term refers to a situation that allows contract participants to sidestep their responsibilities when confronted with unavoidable and unpredictable external situations.
The letter from Howmet stated, "Howmet will be excused from supplying any products or services that are impacted by this declared national emergency and/or the tariff executive order." This means that any products or services affected by the declared national emergency or the tariff executive order will not be supplied by Howmet.
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