
Trump Tariff: Amidst the ongoing trade war with the US, China has instructed its airlines not to take delivery from American aircraft manufacturing company Boeing. In a report by Bloomberg, quoting sources, it was informed that Chinese airlines have been ordered not to buy aircraft related parts from American companies. The move has been taken after US President Donald Trump’s decision to impose 145 percent tariffs on Chinese imports.
Buying aircraft from America will now be expensive
Boeing Airplane, established by William Boeing on 15 July 1916, is an American company from airplane to rockets, satellites, telecommunications equipment and missiles. The plane created by this largest exporter company of America is used by many countries. Let me tell you that earlier China had retaliated on Trump’s tariff policy by imposing 125 percent tariff on American goods.
Now China is thinking about their help
Now it is obvious that this will increase the cost of aircraft or parts of the US more than doubled, which will make it impossible for Chinese airlines to buy Boeing aircraft. Bloomberg’s report quoted sources as saying that China is now thinking about helping the airlines that lease Boeing Jet aircraft and currently there is more expenditure on them due to high tariffs.
Difficulties in front of Boeing Company
Bloomberg’s report quoted sources as saying that China is now thinking about helping the airlines that lease Boeing Jet aircraft and currently there is more expenditure on them due to high tariffs.
This decision of China has created a new challenge for the Boeing Company as China makes a big purchase from Boeing. Bloomberg’s report said that in 2018, about 25 percent of Boeing aircraft were delivered to China. China’s contribution to global aircraft demand is expected to be 20 percent in the next 20 years. Meanwhile, China has not even given new orders to Boeing.
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