Investing.com -- Larry Culp, the CEO of GE Aerospace, expressed his support for the re-establishment of a tariff-free regime for the aerospace industry under the 1979 Civil Aircraft Agreement in a meeting with President Donald Trump. This was reported on Tuesday.

In an interview, Culp stated that the administration understood the company’s stance on this matter. He emphasized the benefits of the zero-duty regime, noting that it has enabled the U.S. aerospace industry to enjoy a $75 billion annual trade surplus.

Culp said in a Reuters interview, "I have argued that it was good and would be good for the country." His statement indicates his belief in the positive impact of a tariff-free aerospace industry on the nation’s economy.

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