The decision was the response to Donald Trump’s administration 145% of Chinese goods duties.
China has punished its planes for suspending the receipt of the new Boeing aircraft and stop buying aircraft components in the United States against the background of an exacerbation of a trade war in Washington. Reuters are talking about it on Tuesday, April 15.
The decision was the response to Donald Trump’s administration 145% of Chinese goods duties. In response, Beijing raised tariffs for American imports by 125%.
According to Bloomberg, this solution will affect Chinese large airlines, in particular Air China, China Eastern and China Southern, who have planned to obtain 179 Boeing aircraft from 2025 to 2027. Some of these aircraft are ready for delivery, but their imports to China can be locked.
At the same time, Beijing considers the possibility of supporting planes that rent a Boeing aircraft to compensate for increases.
Boeing shares fell 2.8% against the background of news about suspension of supplies, while sharing European competitor Airbus rose 1.1%. Analysts are warning that further exacerbation of tariff confrontation could seriously hit the two -way trade between the United States and China, the volume of which in 2024 exceeded $ 650 billion.
Remember, China suggested that the EU unite against Trump. The total relationship with China’s trade and the EU forms more than one third of the world’s general trade.
China urged Trump to cancel duties and “fix errors”
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.