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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   
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