DETROIT, Mich.–Honeywell CEO Darius Adamczyk says the company, an industrial conglomerate that makes wheels and brakes for aircraft among its businesses, says the company is ready to cope with the uncertainty of Donald Trump’s tit for tat tariff war with China.
Adamczyk says the company has already been moving critical supplies from North America to China and he has also been analyzing pricing options to “moderate the impact of the tariffs,” he told Fortune Magazine.
“We kind of have a lot of different scenarios and we’re ready.”
And what if things escalate into a prolonged trade war? “We’re thinking through it. We actually have a plan for list four. It’s just. It’s just about ready,” he explains. “It would take about sixty days plus to enact that.”
Honeywell has a lot at stake in China. The Asian nation is its largest market outside of the United States. The Morris Plains, New Jersey conglomerate has been doing business in China since the 1930s. Today it has more than 13,000 employees working in 30 cities across the country. Honeywell is ranked in the top tier of the Fortune 500 list of America’s largest companies and those China operations account for a significant portion of its $40 billion in annual revenues.
“I would love to see this thing resolved,” says Adamczyk of the US-China trade dispute. “It’s in the interests of the entire global economy for these two critically important economies to resolve their differences. It’s not going to be healthy long term for either economy or the global economy.”
Honeywell’s wheels and braking systems serves a broad portfolio of commercial and military aircraft, from the demanding missions of the advanced F-35 Joint Strike Fighter, to the industry-leading durability and energy absorption on the Airbus A380 – the world’s largest airliner.