MTU CEO says tariffs in plane manufacturing sector would harm US companies
ReutersFeb 19, 2025 9:10 AM
MUNICH, Feb 19 (Reuters) - The chief executive of German engine maker MTU Aeros said on Wednesday tariffs on plane manufacturing would initially harm U.S. companies, including airlines.
"Aviation is an oligopoly. The largest manufacturers of gas turbines - GE and Pratt & Whitney - are U.S. companies. Tariffs would first hurt the competitiveness of U.S. companies, and also U.S. airlines," CEO Lars Wagner said.
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