Wells says tariff hit looks manageable for commercial aero stocks, adds risk

Wells Fargo estimates new import tariffs imply 200 bps-300 bps added cost for a Boeing (BA) aircraft, potentially higher on 787. The firm doesn’t think this meaningfully hurts demand, but watches for signs of supply disruption or recession demand slowdown. Commercial aero stocks sold off with the market post tariff news, but cost impact looks modest, Wells adds. For Boeing, the firm estimates 60%-70% of costs are in the supply chain, and it recently said 80% of commercial aero supply chain is U.S.-based.