China lifts Boeing ban amid trade tariff reprieve
Chinese authorities have informed national carriers that they can once again receive aeroplanes ordered from the American corporation Boeing, reported Japanese broadcaster NHK. The ban on receiving aircraft from this company, introduced in April, was a response to the intensification of the trade war between China and the USA.
In April, Bloomberg reported that China took actions directly targeting Boeing—the leading American aircraft manufacturer—by prohibiting Chinese airlines from receiving ordered planes and placing new orders.
This followed U.S. President Donald Trump's decision to impose a total of 145% tariffs on imports from China. Beijing responded with a 125% tariff and non-tariff measures.
On Monday, both parties, the world's largest economic powers, announced a reduction from 14th May for 90 days of tariffs on imports of Chinese goods to the USA to 30% and a reduction to 10% on American goods imported to China.
The resumption of deliveries will include 50 aircraft
Bloomberg revealed on Tuesday that Chinese authorities have issued guidelines for resuming Boeing aircraft deliveries. As noted by the agency, the resumption of deliveries, covering about 50 planes this year, provides immediate relief for Boeing, which will not have to seek new buyers.
The decision could be short-term if the tariff dispute is not resolved within three months. In recent years, Boeing has struggled with a lack of large orders from China due to trade tensions and issues such as the grounding of the 737 Max model.
