The head of Europe's Airbus is calling for a return to tariff-free trade in the aerospace sector. CEO Guillaume Faury joins a growing number of U.S. industry leaders urging relief from the escalating tariff war.
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00:00In other news, the head of Europe's Airbus is calling for a return to tariff-free trade in the aerospace sector.
00:07He joins a growing chorus of U.S. industry leaders urging relief from an escalating tariff war.
00:15CEO Guillaume Forry warned the dispute could lead to only losers,
00:20though current tariffs have had limited direct impact on supply chains so far.
00:24In Washington, an aviation coalition is pressing lawmakers and the White House to lift tariffs
00:30and instead enforce the 1979 treaty brokered by the World Trade Organization.
00:36The CEOs of several companies, including Boeing and GE Aerospace,
00:40have directly raised the issue with U.S. President Donald Trump, who has said tariffs will boost American jobs.
00:47European officials said aerospace sectors in the U.S. and European Union are each other's biggest customers,
00:53even though they are home to bitter rivals Airbus and Boeing.