China Halts Boeing Jet Deliveries for Airlines
China Halts Boeing Deliveries Amid Trade War with US
Amid the ongoing trade war between China and the United States, Beijing has reportedly instructed its airlines to stop taking deliveries of jets from American aviation giant Boeing. This move comes as a response to the escalating tensions between the two economic powerhouses.
President Donald Trump’s administration has imposed tariffs on imports from China, with levies reaching up to 145 percent. In retaliation, Beijing has imposed its own duties on US imports, totaling 125 percent. The Chinese government has labeled the US actions as “unlawful bullying” and has vowed to respond accordingly.
According to a report from Bloomberg News, China has not only ordered airlines to halt Boeing plane deliveries but has also instructed carriers to suspend purchases of aircraft-related equipment and parts from US companies. This decision is expected to significantly increase the cost of bringing in aircraft and components for Chinese airlines.
In response to the potential challenges faced by carriers that lease Boeing jets, the Chinese government is considering providing assistance to mitigate the impact of higher costs. The trade tensions between the two countries have not only affected the aviation industry but have also roiled world markets and disrupted diplomatic relations.
While President Trump recently announced a freeze on further tariff hikes, there has been no immediate relief for Beijing. US officials have granted exemptions from the latest duties for certain high-end tech goods, including smartphones, semiconductors, and computers.
The situation between China and the US remains uncertain, with both countries continuing to engage in a tit-for-tat trade dispute. The impact of these tensions on industries and economies worldwide is yet to be fully realized.
