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China has removed the ban on delivery of Boeing aircraft. According to a Bloomberg report, China has informed Domestic Carriers that they can now resume delivery of US -made aircraft. This ban has been removed after the US-China tariff deal.
A month ago, China ordered its airline companies not to take delivery of new aircraft from Boeing. The Chinese government gave this order in response to the US 145% tariff. Ordered to stop the purchase of parts of the aircraft built in the US.
Trade deal was announced in Geneva on 12 May
US-China announced a trade deal in Geneva on 12 May. It was told that both countries will cut 115% tariffs. The agreement between the two is currently for 90 days.
The US has put 145% tariffs on Chinese goods and 125% on US goods. After this cut, China will now have 30% tariffs and 10% on the US.
China is an important market for Boeing
Prior to the Korona epidemic, about one -third 737 aircraft in Boeing were being delivered to the country. According to Boeing’s estimate, in the next two decades, China will be 20% of the Global Airplane demand. This means that China …
- Estimated 6,500 single-oil aircraft such as 737 Max and 787 Dreamliner of Boeing will also be needed more than 1,500 twin-oil aircraft.
- By the end of 2030, about 1,100 additional aircraft will be required to replace old aircraft and meet the increasing demand for domestic travel.
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