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Brian West, CFO of Boeing, said in March that the company is concerned about US tariffs potentially constraining the availability of parts from its suppliers, according to Reuters.
West said that "what we do worry about is availability of parts because this is a broad, complicated supply chain and people have different levels of exposure to it." To mitigate the impact, West said "we're working like heck to stay close to our suppliers," according to Seattle Times.
More than 10,000 Boeing airplanes are flying with China-made parts, according to Boeing's own analysis published in August 2024.
In early April, the US announced tiered tariffs on global imports. Following China's reciprocal countermeasures, the bilateral tariff rates between China and the US now exceed 100 percent across multiple sectors.
The US tariffs already in place could send the cost of building planes soaring due to the Boeing's dependence on overseas suppliers, said CNN.
Building planes depends on foreign-made parts for about 80 percent of Boeing's planes' content, according to CNN, citing a congressional testimony made by President and CEO of Boeing Kelly Ortberg in April.
The price of a Boeing 787 plane could increase by $40 million in a worst case tariff scenario, CNBC reported in March, citing AerCap CEO Aengus Kelly.
"No one's going to want to pay that," said Kelly from the leading aviation leasing company.
Li also noted that the US tariffs have resulted in a worsening business environment and increasing commercial unpredictability.
West said that "what we do worry about is availability of parts because this is a broad, complicated supply chain and people have different levels of exposure to it." To mitigate the impact, West said "we're working like heck to stay close to our suppliers," according to Seattle Times.
More than 10,000 Boeing airplanes are flying with China-made parts, according to Boeing's own analysis published in August 2024.
In early April, the US announced tiered tariffs on global imports. Following China's reciprocal countermeasures, the bilateral tariff rates between China and the US now exceed 100 percent across multiple sectors.
The US tariffs already in place could send the cost of building planes soaring due to the Boeing's dependence on overseas suppliers, said CNN.
Building planes depends on foreign-made parts for about 80 percent of Boeing's planes' content, according to CNN, citing a congressional testimony made by President and CEO of Boeing Kelly Ortberg in April.
The price of a Boeing 787 plane could increase by $40 million in a worst case tariff scenario, CNBC reported in March, citing AerCap CEO Aengus Kelly.
"No one's going to want to pay that," said Kelly from the leading aviation leasing company.
Li also noted that the US tariffs have resulted in a worsening business environment and increasing commercial unpredictability.
