The Globe and Mail reports in its Tuesday edition that the head of IATA said on Monday that growing trade barriers risked damaging the economy and the air travel sector, and "unacceptable" plane delivery delays were frustrating growth plans at a time of record passenger numbers. A Reuters dispatch to The Globe says the International Air Transport Association shaved a key forecast for 2025 industry-wide profits, blaming trade tensions and declining consumer confidence. IATA boss Willie Walsh condemned the United States' "isolationism, trade barriers and the fragmentation of the multilateral rules-based system" at the group's annual meeting in New Delhi. "These destroy wealth and lower living standards." Sweeping tariffs imposed by U.S. President Donald Trump have stoked fears of an economic slowdown and squeezed discretionary spending, prompting many consumers to delay or scale back travel plans. Mr. Walsh said airlines would resist any attempt by plane makers to raise prices and called for governments to "keep aerospace out of trade wars." Tim Clark, president of Dubai's Emirates, said Sunday that the pandemic was no longer an acceptable excuse for delivery delays and challenged plane makers to take responsibility.
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