US-China trade war increases, Beijing suspended Boeing Jet delivery


Beijing:

China has asked its airlines to stop the delivery of jets from American Aviation giant Boeing on Tuesday, as a trade war between Beijing and the United States as a trade war between Beijing and the United States.

Since President Donald Trump took over in January, the two largest economies in the world have been closed in a tight-for-tat tariff war, now charging up to 145 per cent levy on imports from China with the US.

Beijing has fiercely responded to what the illegal “bullying” by Washington has said and implemented 125 percent retaliation on US imports, rejecting further growth as futile.

Bloomberg News said on Tuesday that China also ordered airlines to prevent delivery of Boeing aircraft, citing people familiar with the case.

The Financial News Outlet told people that Beijing has asked its carrier to suspend the aircraft -related equipment and the purchase of some parts.

AFP has contacted Boeing and China’s Foreign Ministry for comment.

Beijing’s mutual tariff on US imports would have triggered significant increase in costs of bringing into aircraft and components.

Bloomberg said the Chinese government is helping the carrier leasing to Boeing Jets and facing high costs.

Trump’s Fusslaide of Tariff has prevented the world markets and did diplomacy equally with allies and opponents.

The Mercurial US leader announced a sudden freeze on the growth further last week, but did not give any immediately to Beijing.

US officials on Friday announced exemption from the latest duties against China and others, such as a series of high -end technical goods such as smartphones, semiconductors and computers.

ALSO READ  Blue, White Spiral Seen In European Skies Likely From SpaceX Rocket

(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)


Join WhatsApp

Join Now