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Airbus CEO urges revival of 1979 treaty to halt aircraft tariffs, shifting costs to US airlines.
Airbus CEO Guillaume Faury calls for a return to a 1979 treaty that exempts aircraft and parts from tariffs, as the company will not absorb US-imposed tariffs on its planes imported from Europe.
This move places additional financial burden on US airlines, causing strain on the recovering aviation supply chain.
Faury notes that the tariff war could only result in losers for both the US and EU aerospace sectors.
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