Daily Management Review

Boeing is concerned with the US-China trade war


04/05/2018


US aircraft giant Boeing warns that a possible trade war between the US and China would damage the global aviation industry.



The Lamb Family via flickr
The Lamb Family via flickr
"Both governments have taken positions that could harm the global aviation industry, although no one has yet implemented these harsh measures," the corporation statement said.

Raising duties on Boeing's products in China could mean a redistribution of the Chinese air transportation market, which may be captured by Boeing's main competitors - the European aircraft manufacturing corporation Airbus, as well as local manufacturers. 

Meanwhile, Cui Tiankai, the Chinese Ambassador to the US and John Sullivan, Deputy US Secretary of State, talked over economic issues related to new American duties on Chinese goods. Sullivan was also concerned with "the need to balance economic ties and restore justice" between the two countries, the US Foreign Ministry stressed.

The representatives of the countries agreed to "stay in touch on these and other global, regional and bilateral questions of mutual interest."

Earlier, the US revealed a list of Chinese items that would be subject to import duties in response to China's actions that supposedly violate intellectual rights of American manufacturers. 

For its part, the Ministry of Commerce of the PRC promised to prepare and to announce equal measures in response to duties on Chinese products in the near future.

source: reuters.com






Science & Technology

Toyota is trying to revive demand for Prius

Deloitte: Smart speakers will show record sales in 2019

China takes the lead in quantum cryptography

Gartner: Chinese smartphones lead sales

Bitcoin Mining Worsens Global Warming Effect

Europe overtakes US by number of patents for self-driving car technologies

Samsung introduces display technology for folding screens

How retailers use technologies to increase sales

Facebook releases videochat devices Portal and Portal Plus

Smartphone makers will pay for pre-installing Google apps‍

World Politics

World & Politics

European regions with the most polluted air

Merkel refuses yet another negotiation with May

Hong Kong refuses tiny apartments

Tumblr, Facebook wage war against adult content

Arrest of Huawei’s top manager endangers US-China trade truce

Has Macron given up to Yellow Vests?

What to expect from G20 Buenos Aires summit?

China steps up space race with the US