The New States and China Commercial Dimension is taking place, with Beijing ordering Chinese airlines to suspend any new aircraft receipt from Boeing Co. According to Bloomberg, the decision is part of 145% of Donald Trump’s recently imposed duties on Chinese products. At the same time, the Chinese government is alleged to have asked the airlines to “freeze” the supply of spare parts and equipment from US suppliers. The ban comes a few hours after 125% of US duties announced, making US aircraft acquiring financially unprofitable. Reports indicate that support measures are also being considered for Chinese airlines that have already leased Boeing aircraft and are facing increased costs. Boeing Boeing is now at the heart of a geopolitical conflict between the world’s two largest economies. Although the situation remains fluid and there may be changes, the US company is seeing another major blow to its presence in the Chinese market. […]
Source: News Beast
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