China prohibited its airlines from receiving Boeing aircraft
In detail, the Chinese government also demanded that the aeronautical companies in their country “They stop all purchases of equipment and aircraft pieces from US companies”This means a direct blow to the American producing company that, of course, faces difficulties in maintaining its presence in the Asian country.
It is that the customs surcharge defined by Beijing – in response to the commercial policy of Trump – generated that the costs of the airplanes and the parts of native spare parts of the United States are triggered. As a consequence of tariff climbing, numerous Chinese airlines face difficulties in assuming new costs.
The tension between the two countries is no novelty. Already in the past, Boeing managed to dodge the taxes imposed during Trump’s first presidency, although his share in the China market has been in Franca fallen since 2019. In 2022, for example, 25% of Boeing’s international deliveries were destined for China, number that fell to 9% in 2023.
In the midst of commercial tensions, Xi Jinping heads a tour of Southeast Asia
The world trade stage is still revolutionized by Trump’s tariff measures. In this context, the former Chinese president is touring Southeast Asia for Actively defend free tradewith the aim of positioning China as a source of “Stability and certainty” in a “turbulent world.”
Last Monday, the Chinese president said present in Vietnam – a country that was initially affected with a 46% increase in his tariffs – where he met with the General Secretary of the Communist Party of Vietnam, to Lam. There, Xi Jinping said: “As beneficiaries of economic globalization, both China and Vietnam must strengthen strategic determination, jointly oppose the unilateral acts of intimidation, defend the World Free Trade System and maintain stable industrial chains and world supply.”
In response to the meeting, Trump signed up directly against both countries and accused them of planning “how to fuck” the United States.
The Chinese president’s tour traveled on Tuesday in Kuala Lumpur, Malasia, where he hopes to discuss a free trade agreement between China and 10 other members of the Association of Nations of Southeast Asia (ASEAN). His tour will end with a visit to Cambodia.
In his position, the Chinese leader assured that protectionism “will not lead anywhere” and also bathed that in a commercial war “there will be no winners.” For its part, the United States removed the foot of the accelerator and decided to leave Numerous Chinese technological products without taxingalthough Trump announced on Sunday that semiconductor tariffs will be applied “in the near future.”
Source: Ambito
