This IS something that WILL hurt Boeing which has problems as it is….
(The planes are made in Seattle , Washington)
Adding a stop in purchasing US parts will debelop into a problem also….
BUT?
Chinese Airlines own and fly a LOT of Boeing airecraft….
The Chinese government has told the country’s domestic airlines to stop accepting deliveries of Boeing jets as a trade war between the world’s two largest economies escalates, Bloomberg News reports.
China is also instructing its carriers to stop buying airline parts and other components from U.S. companies, according to Bloomberg, which cited people familiar with the situation.
Boeing declined to comment. The aviation giant’s shares fell $2.59, or 1.6%, to $156.74 in morning trading.
The order to stop accepting Boeing jets comes after China boostedits retaliatory tariffs on U.S. goods to 125%. That matches the level of tariffs that President Trump has placed on Chinese imports, although those taxes can rise as high as 145% for some products. China’s tariffs would have more than doubled the price of U.S.-made aircraft and parts, making the cost unaffordable, Bloomberg reported.
Boeing is scheduled to ship about 10 737 Max aircraft to Chinese carriers, including China Southern Airlines, Air China and Xiamen Airlines, Bloomberg reported, citing data from Aviation Flights Group. During the first quarter, Boeing delivered 130 aircraft in all, including more than 100 737 jets, the company said on April 8….
China sends back new Boeing jet made too expensive by tariffs
A Boeing jet intended for a Chinese airline landed back at the planemaker’s US production hub on Sunday, a victim of the tit-for-tat bilateral tariffs launched by Donald Trump.
The 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing Field at 6.11pm, according to a Reuters witness. It was painted with Xiamen livery.
The jet, which made refuelling stops in Guam and Hawaii on its 5,000-mile (8,000-km) return journey, was one of several 737 MAX jets – Boeing’s bestselling model – that had been waiting at Boeing’s Zhoushan completion centre for final work and delivery.
Trump this month raised baseline tariffs on Chinese imports to 145%. In retaliation, China imposed a 125% tariff on US goods.
A Chinese airline taking delivery of a Boeing jet could be crippled by the tariffs, given that a new 737 MAX has a market value of around $55m, according to IBA, an aviation consultancy….
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