Airbus CEO Guillaume Faury warns US tariffs could rebound against the American economy.
BERLIN — The head of Airbus has delivered a stark warning to U.S. President Donald Trump that tariffs on the European aviation business will backfire by hitting American workers and roiling the supply chains of U.S. airlines.
The World Trade Organization on Friday issued a ruling granting Washington the right to claw back between €5 billion and €8 billion in tariffs on a list of EU exports worth some $25 billion, diplomats told POLITICO. The list of Trump's targets ranges from Airbus jets and parts to European dairy and luxury goods.
"At Airbus, 40 percent of commercial aircraft procurement is purchased from the U.S. supply chain," Faury told POLITICO."I think it would really not be consistent to apply tariffs on planes that are manufactured in the U.S., to serve the U.S. industry relying, to a very large extent, on the U.S. supply chain.
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