RTX, GE Aerospace expect more than $1 billion tariff impact

RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump's tariffs on imported goods and materials, the latest sign of higher prices for major U.S. manufacturers that rely on a global supply chain.Neil Mitchill, chief financial officer of defense contractor and commercial aerospace supplier RTX, said on an earnings call on Tuesday that the company will likely take a$850 million hit this year from tariffs, including the sweeping 10% tariffs that Trump imposed earlier th ...