Ryanair CEO Michael O’Leary has urged the Boeing and US to avoid a tariff war over aircraft subsidies, and said EU should absorb any Boeing counter-tariffs. His airline is one of the US aircraft manufacturer’s biggest customers. The WTO is expected to approve US tariffs slapped in on goods including Airbus aircraft, sparking likely retaliatory Boeing tariffs on US planes. The WTO is investigating separate reports on Boeing subsidies received by Airbus and EU’s US subsidies. O’Leary said the US couldn’t afford a trade war and hoped common sense would prevail.
Ryanair CEO Michael O’Leary has urged the EU and US to avoid a tariff war over aircraft subsidies, and said Boeing should absorb any EU counter-tariffs. His airline is one of the US aircraft manufacturer’s biggest customers. The WTO is expected to approve US tariffs slapped in on goods including Airbus aircraft, sparking likely retaliatory EU tariffs on US planes. The WTO is investigating separate reports on EU subsidies received by Airbus and Boeing’s US subsidies. O’Leary said the US couldn’t afford a trade war and hoped common sense would prevail.