Tariff questions continue to swirl around Boeing as President Donald Trump's Aug. 1 deadline for trade negotiations quickly approaches. Ryanair on Monday said it was considering different strategies to minimize the tariff hit on Boeing, including delaying or rerouting deliveries. This followed the European Union last week adding the Dow Jones manufacturer to an expansive list of reciprocal tariffs. Boeing stock is trading at 2025 highs.
Ryanair CEO Michael O'Leary said during the company's earnings call Monday he expects President Trump to delay the tariff rollout until September or October and anticipates it will be "short-lived." He noted there is "increasing optimism" that commercial aircraft will be exempted from the tariffs. There is also the question of reciprocal tariffs from the EU.
O'Leary said that Boeing was liable for handling the tariff expenses, not Ryanair, based on order agreements. But Ryanair still wants to work with the Dow Jones manufacturer to minimize the tariff impact. O'Leary said the company is considering delaying some deliveries until the tariff disputes are resolved, adding that Ryanair doesn't need the aircraft until the summer of 2026. Ryanair may also reroute some deliveries through its UK arm to avoid the tariffs.
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Executives on the earnings call also said the airline decided to stick with its MAX 10 orders set for delivery in early 2027, following reassurances from Boeing that the planes will arrive on time. Ryanair was considering changing its order to take additional 737-8-200s if the order was delayed. But Boeing Commercial Airplanes CEO Stephanie Pope confirmed in writing that the aircraft will be delivered at the agreed date.
Boeing Targeted By EU Tariffs
Elsewhere, the EU earlier this month finalized a counter-tariff target list of U.S. goods worth $84 billion, Bloomberg reported last week. The 206 page list includes Boeing aircraft, cars, machinery, agricultural products, alcoholic drinks and more. Representatives of the EU intend to continue negotiations, while continuing to wield the threat of retaliation. President Trump has also said he is open to further trade talks ahead of the Aug. 1 deadline. If the two sides fail to strike a better deal, a 30% tariff will be levied against EU imports.
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President Trump has also used Boeing as a negotiating chip in his trade deals. Trump last week said he struck a deal with Indonesia, bringing down the tariffs on their imports to 19% from the previously-threatened level of 32%. As part of the deal, Indonesia agreed to buy $15 billion of U.S. energy, $4.5 billion in American agricultural products and 50 Boeing jets. Trump first announced the deal on his Truth Social account online.
Boeing Stock
Boeing stock ticked higher Monday. Shares trade around their 2025 high of 233.61 from last week. BA stock has rallied more than 29% so far this year.
Ryanair, which trades in American Depositary Receipts, surged 6.6% on Monday. Shares on the move retook a 58.38 buy point for a cup-with-handle base. Ryanair first broke out on July 2, eased below then entry. Ryanair is now up 37% so far this year.
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