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|    AVIATION    |    Aviation echo, airline-related news    |    717 messages    |
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|    Message 523 of 717    |
|    Aviation HQ to All    |
|    China lifts the ban on Boeing airceraft    |
|    13 May 25 11:30:48    |
      MSGID: 2:292/854 13233d21       TZUTC: 0200        China has lifted the ban on the delivery of Boeing aircraft to Chinese       airlines. This was reported by Bloomberg news agency based on insiders. The       move follows the breakthrough in trade negotiations between Washington and       Beijing. Both countries decided to temporarily reduce their import duties as a       result.               A month ago, China banned the delivery of aircraft from the American       manufacturer to Chinese airlines. Beijing also ordered a pause on all       purchases of aviation-related equipment and aircraft parts from American       companies. The ban followed US President Donald Trump's decision to increase       import duties on most Chinese goods to 145 percent.               China then retaliated with 125 percent duties on American goods. As a result,       Boeing found itself in the middle of the trade war between the two       superpowers. The Chinese tariffs would make Boeings and American aircraft       parts much more expensive for Chinese buyers. However, on Monday, China and       the United States announced that they would significantly reduce their tariffs       for the next 90 days. China currently imposes a 10 percent tariff on goods       from the US and the Americans impose a 30 percent tariff on Chinese goods.               The resumption of deliveries to China will give Boeing an immediate boost. The       aircraft manufacturer will now not have to find new buyers for the       approximately 50 aircraft that it will deliver to China this year. However,       the recovery in deliveries could be short-lived if the US-China trade war is       not resolved within the next three months.               Boeing's role in international trade also appears to be becoming increasingly       political. Trump announced a trade agreement with the United Kingdom last       week, including a $10 billion aircraft deal to supply Boeings to British       Airways.              --- DB4 - 20230201        * Origin: AVIATION ECHO HQ (2:292/854)       SEEN-BY: 80/1 105/81 106/201 128/187 129/305 153/7715 154/110 221/1       SEEN-BY: 226/30 227/114 229/110 114 317 400 426 428 470 664 700 705       SEEN-BY: 280/464 291/111 292/854 2226 8125 301/1 320/219 322/757 335/364       SEEN-BY: 342/200 396/45 460/58 633/280 712/848 902/26 5001/100 5075/35       PATH: 292/854 229/426           |
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