IATA airline body’s chief warns on global trade war
The trade war between the US and China could have a “significant impact” on the aviation sector if it continues to escalate, the head of IATA has warned. Alexandre de Juniac said that the first round of tariffs between the two countries had been aimed at goods not transported by aircraft such as steel and aluminium. However, “if it goes to smartphones or semiconductors or pharmaceuticals, that could have a strong impact on cargo,” he said. The remarks of de Juniac come against a backdrop of escalating tensions between China and the US. De Juniac warned that an all-out multilateral trade war could put executives off travelling. “If it has a macroeconomic impact on the business climate, it will have an impact on the passenger flows, especially on the business class.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-10-01/general/iata-airline-body2019s-chief-warns-on-global-trade-war
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IATA airline body’s chief warns on global trade war
The trade war between the US and China could have a “significant impact” on the aviation sector if it continues to escalate, the head of IATA has warned. Alexandre de Juniac said that the first round of tariffs between the two countries had been aimed at goods not transported by aircraft such as steel and aluminium. However, “if it goes to smartphones or semiconductors or pharmaceuticals, that could have a strong impact on cargo,” he said. The remarks of de Juniac come against a backdrop of escalating tensions between China and the US. De Juniac warned that an all-out multilateral trade war could put executives off travelling. “If it has a macroeconomic impact on the business climate, it will have an impact on the passenger flows, especially on the business class.” <br/>
