Tariff War Heats Up: China Bans Boeing Deliveries Amid Rising Tensions with the U.S.
Tariff War Heats Up: China Bans Boeing Deliveries Amid Rising Tensions with the U.S.
Tariff War Heats Up: In response to the U.S.’s 145% tariff, China has retaliated with a 125% tariff and ordered its airlines to halt Boeing aircraft deliveries. Could this move by Xi Jinping spark a deeper aviation and economic crisis for America?
Tariff War between US and China escalates after Jinping issued a strict order to Chinese Airlines, is America going to suffer a big loss? Trump’s tariff war has created a stir in the world economy. Relations between America and China have deteriorated a lot. America has imposed a 145 percent tariff on China. In return, China has also imposed a 125 percent tariff on America. Meanwhile, China has given a big blow to America.
China has directed its airlines not to accept Boeing aircraft deliveries. The Chinese government has instructed its airlines to stop purchasing aircraft-related machines and parts from America.
Tariff War Heats Up: What will happen to these planes now?
According to data from Aviation Flights Group, about 10 Boeing 737 Max aircraft are ready to join the Chinese airline fleet, including two aircraft each from China Southern Airlines Company, Air China Limited, and Xiamen Airlines Company.
Some aircraft are parked near Boeing’s factory base in Seattle, USA, while others are present in the finishing center in Zhoushan, eastern China. Let us tell you that China is the world’s second-largest aviation market. Boeing supplied more than 25 percent of its total aircraft to China in 2018, but after two planes crashed in 2019, China first grounded the Boeing 737 Max.
Both countries face each other regarding tariffs
It is worth noting that on Saturday, the US exempted phones, computers and other electronic goods from reciprocal duties imposed on other countries including China. China clearly says that America is taking a unilateral decision regarding tariff. At the same time, President Trump claims that China is trying to cause maximum damage to America.
