Boeing CEO: Biggest Trade Threat Remains Retaliatory Tariffs
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- Published: Wednesday, 11 June 2025 14:02
Boeing CEO Kelly Ortberg said the expected impact of tariffs on the jet maker’s bottom line remains unchanged after a federal court struck down many of President Trump's trade levies. Ortberg, speaking Thursday at an event, said he expects the U.S. to eventually win duty exemptions on plane parts from Italy and Japan, which comprise the bulk of Boeing’s imported parts. The U.S. has reached a trade deal framework with the U.K.
Given that, Ortberg said, the biggest tariff-related threat facing Boeing remains retaliatory tariffs from other governments. The company got caught in the crosshairs of the U.S.-China trade war last month when Chinese airlines halted deliveries of Boeing jets. China has since allowed deliveries to resume. Ortberg said that Chinese airlines have told the company they will resume taking deliveries of Boeing jets next month.
“We have to make sure we don’t have other regions where we take retaliatory tariffs,” he said. Boeing’s status as the largest U.S. exporter also presents an opportunity, he said, as the Trump administration pushes nations to rebalance trade relationships. “There is no better way to do that quickly than through the purchase of aircraft,” he said. Boeing has said it expects U.S. import tariffs to cost the company less than $500 million this year.
Excerpt from WSJ
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