Air Freight News

UAE says finalized purchase of F-35 jets, drones from US

The United Arab Emirates finalized the purchase of up to 50 F-35 jets and 18 drones from the U.S. before former President Donald Trump left office.

Letters of Agreement were finalized on Tuesday, according to an emailed statement from the UAE’s Ministry of Foreign Affairs.

Before his exit from the White House, Trump issued an order exempting the UAE—which accounted for about a tenth of U.S. aluminum imports last year—from 10% tariffs his administration implemented in 2018. The order instead placed quotas on the Gulf nation, saying imports would have to remain close to historical levels without meaningful increases, language similar to that used when quotas were placed on Canada last year.

The UAE normalized ties with Israel in August, an historic agreement that Trump brokered and touted as one of his most important foreign-policy successes.

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

https://www.ajot.com/images/uploads/article/methamphetamine.jpg
CBP intercepts over $30 million in methamphetamine at the Pharr International Bridge
View Article
https://www.ajot.com/images/uploads/article/DREW_%28new%29.JPG
WTCA Forum 2024 in New York underscores importance of international collaboration
View Article
ACD celebrates 2024 Annual Meeting in La Quinta, California

Today, the Alliance for Chemical Distribution (ACD) welcomed 666 members and industry leaders for its highly anticipated 2024 Annual Meeting held in La Quinta, California.

View Article
Holiday spending still on track for steady growth amid ‘mixed signals’ in recent jobs and GDP data

The National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, NRF Chief Economist Jack Kleinhenz said today.

View Article
Trump Presidency will reignite US-China trade war and threaten a spike in ocean container shipping markets / Xeneta

Donald Trump’s victory in the US Presidential Election is ‘a step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates.

View Article
https://www.ajot.com/images/uploads/article/Census_Bureau.png
U.S. international trade in goods and services, September 2024
View Article