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   AVIATION      Aviation echo, airline-related news      717 messages   

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   Message 164 of 717   
   Aviation HQ to All   
   China retaliates   
   13 May 19 23:55:57   
   
   MSGID: 2:292/854 193c4643   
   China may be reducing the number of aircraft ordered at Boeing as revenge for   
   the US government scaling up import tariffs. As a result, the Boeing share   
   fell in value shortly after the stock market opening by almost 3 percent.   
       
   In addition to canceling orders with Boeing, it is also an option not to   
   import agricultural products and energy from the US anymore. Hu Xijin, editor   
   in chief of the Chinese newspaper Global Times, tweeted that on Monday. He is   
   seen as the mouthpiece of the Communist Party.   
       
   China decided earlier today to raise import tariffs on US $ 60 billion. That   
   was a reaction to the decision of the US government last Friday to tax $ 200   
   billion in Chinese goods.   
       
   The two countries seemed to be close to a trade agreement for a long time, but   
   negotiations broke off last week. According to the Americans, China would not   
   make enough concessions to reduce the trade deficit with the US.   
       
   If China actually decides to punish Boeing for Trump's policy, then the   
   aircraft manufacturer has a big problem. The Asian country accounts for 15   
   percent of global aviation and has hundreds of orders placed with Boeing.   
      
   --- D'Bridge 3.99 SR41   
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