Exclusive-Airbus CEO warns of new risks after 'significant' trade damage [Yahoo! Finance Canada]
AIRBUS SE UNSP/ADR (EADSY)
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Source: Yahoo! Finance Canada
"The beginning ?of 2026 is marked by an unprecedented number of crises and by unsettling geopolitical developments. We should proceed in ?a spirit of solidarity and self-reliance," CEO Guillaume Faury said in an internal letter seen by Reuters. "The industrial landscape in which we operate is sown with difficulties, exacerbated by the confrontation between the U.S. and China." Airbus declined comment on internal communications. Faury did not identify geopolitical developments in the memo, which ?was circulated last week against the ?backdrop of disunity between Washington and allies over Greenland and the role of NATO. Airbus is a major European defence supplier. He said multiple trade pressures ?had already "caused significant collateral damage, logistically and financially". Last April, U.S. President Donald Trump announced sweeping tariffs, prompting Chinese restrictions on rare earth exports. Washington later temporarily froze exports of engines and other key components
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