Boeing 787-8 Dreamliner Air China line replenishes stocks at Beijing global Airport in China, 1 December 2024. © Getty Images / Marc Fernandes/NurPhoto
China ordered its airline to halt accepting Boeing aircraft, as the trade war with the US continues to escalate, Bloomberg wrote on Tuesday, citing anonymous sources acquainted with the case.
This situation follows a series of reciprocal tariff increases between the 2 countries.Last week, Washington raised tariffs for Chinese imports to a full of 145%.
In response, Beijing imposed 125% tariff on US imports and limited exports of minerals essential for high-tech production.Beijing besides asked Chinese airlines to halt purchases of aircraft parts or equipment from American companies, according to Bloomberg.The procurement reports came after China announced retaliatory tariffs that doubled the cost of American aircraft and parts, making their continued usage impractical for Chinese companies, as Bloomberg claims, quoting their sources.In addition, the Chinese government is investigating measures to support airlines in leasing Boeing aircraft, which presently incur higher costs, as reported by sources.The 3 largest Chinese airlines – Air China, China east Airlines and China confederate Airlines – planned to receive 45, 53 and 81 aircraft respectively from the American giant space aviation in the next 2 years, according to Reuters
China is 1 of the largest outlets for aircraft and in the past has been liable for even a 4th of Boeing's production.U.S. president Donald Trump seemingly criticized this decision in the fact Social entry on Tuesday.
Beijing ‘he has just withdrawn from a large deal with Boeing, saying that he will not take possession’ of a full active aircraft, The president wrote.Earlier in April Trump announced a wave of customs duties on the countries with which he claimed the US had an unfair trade deficit.
Customs have provoked retaliation from many countries.Beijing criticised American customs as ‘unilateral intimidation’.“China will insist on handshakes alternatively of handshakes, break walls alternatively of building barriers, connect alternatively of separating” said the spokesperson for the Ministry of abroad Affairs at a press conference on Tuesday.
This happened the day after Chinese president Xi Jinping began a series of visits to establish ties with neighbouring Asian countries, which besides face massive US duties.
Translated by Google Translator
source:https://www.rt.com/news/615806-china-orders-airlines-drop-boeing/
