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






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