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China Lifts Boeing Ban After US Trade Talks

China Lifts Boeing Ban After US Trade Talks

China has lifted its ban on domestic airlines accepting new Boeing aircraft, according to a report on Tuesday. This change comes just hours after the United States and China agreed to reduce tariffs temporarily, easing tensions in their trade dispute.

Last month, Boeing confirmed that Chinese airlines had stopped accepting new aircraft deliveries because of high tariffs from both sides. However, Bloomberg News reported that Chinese officials have now told local airlines they can start placing orders for US-made planes again.

This development follows an agreement between the two countries on Monday, where they agreed to lower tariffs for the next 90 days, allowing room for more talks.

Previously, US tariffs on Chinese imports had risen to 145 percent, while China imposed 125 percent duties on US goods. Under the new agreement, the US reduced tariffs to 30 percent, and China lowered theirs to 10 percent.

US President Donald Trump called the outcome a “total reset” and suggested that talks with Chinese President Xi Jinping could happen soon.

Boeing had planned to deliver about 50 aircraft to China in 2025, according to the company’s CEO, Kelly Ortberg.

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Written by Buzzapp Master

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