Getty
Industryweek 29839 Boeing Ceo Dennis Muilenburg 1

Boeing CEO Champions Free Trade at Washington Event

May 10, 2018
"We have about 90% of our manufacturing here in the U.S.," said Muilenberg. "We sell about 70% of our products outside the U.S."

Boeing CEO Dennis Muilenberg on May 9 emphasized the importance of free trade agreements for the aerospace giant -- deals under scrutiny by President Donald Trump's administration.

Muilenberg, speaking at a meeting of The Economic Club of Washington, said that his company is a major US job generator and exporter.

"We have about 90% of our manufacturing here in the U.S. We sell about 70% of our products outside the U.S.," he said.

The aerospace industry is a leading U.S. exporter, contributing towards a trade surplus.

"So we need trade agreements that allow us to compete globally, to sell globally, and that is a part of creating manufacturing jobs," he said.

The Trump administration's steel and aluminum tariffs are not currently affecting Boeing sales. "We have a combination of domestic and international suppliers," he said. "But this is something we are watching."

On March 8, Trump imposed a 25% tariff on steel imports and 10% on aluminum imports in the name of national security. 

But on April 30 Trump said he was holding off the levies, offering a 30-day reprieve to major metals exporters Canada, Mexico and the European Union.

Regarding China, the United States has threatened tariffs targeting $150 billion in Chinese imports, while China has warned $50 billion in US goods are in the firing line.

Trump has long accused China of using unfair practices to gain an advantage over U.S. exporters, thus costing U.S. jobs.

Copyright Agence France-Presse, 2018

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!