- A Boeing A plane at the completion factory of the company In China, it returned to the United States on Friday, according to reports. The new plane was supposed to be delivered to a Chinese airline, however, it was never delivered. Earlier this week, the Chinese government told the airlines not to purchase new Boeing aircraft and obtain permission before any aircraft had already requested but have not been delivered yet.
The new Boeing plane was completely arrested in the trade war between China and the United States
The plane arrived at the Chinese Boeing facility in China, China, only to be told that it should return to the United States, According to For publishing trade Air stream. With the imprisonment of the United States and China in a commercial war that stimulates the two largest economies in the world against each other, companies like Boeing, who perform business in both countries themselves at the intersection. Earlier this week, Bloomberg I mentioned Chinese government officials had instructed local airlines not to request any new Boeing aircraft and request approval before any aircraft had already been requested.
The plane, which returned to the United States from the completion factory in Qohan, is one of three 737 Max aircraft that has arrived since March, According to to Reuters. At the Zhoushan facility in East China (about three and a half hours by car from Shanghai), Boeing applies the final touches to the aircraft that were already built, installing the seats and drawing the outer surface. The fate of other aircraft in the Zhoushan facility was not immediately clear.
On Thursday, a spokesman for the Ministry of Foreign Affairs of the People’s Republic of China He said Journalists are “uncommon” with reports stopping to Boeing orders.
Even before the Chinese government targeted, Boeing faced an increase in the idle cost of the US tariff and China. With one of the most complex supply chains in the world, the costs of inputs in the United States risk rise due to the definitions of any of its imported parts, which there are many.
At the same time, the 125 % Chinese revenge definitions on American goods mean that Boeing aircraft will be expensive for Chinese airlines. in address For employees in March – a month before President Donald Trump announced the policy of full tariffs –Boeing Celberg CEO They have warned against increasing costs and disrupting the carefully managed complex supply chain.
in Senate session Earlier this month, Ortberg Repeat the confirmation of the damages that the definitions could have widespread in Boeing’s works. Ortberg emphasized parts of Boeing from all over the world and sold the vast majority of its aircraft abroad. Boeing risked double damage due to the definitions with its high costs, while its sales will decrease.
“Free trade is very important to us,” Ordberg told the Senate Trade, Science and Transport Committee this month. “It is important to continue reaching this market and that we do not enter a position in which some markets become closed to us.”
Boeing did not respond luckRequest to comment.
As one of the fastest air travel markets in the world, China represents a profitable opportunity for Boeing. In September 2023, Boeing Expected Over the next twenty years, China represents 20 % of the world’s air travel and its fleet of commercial aircraft doubles to about 9600 aircraft. In 2018, when the Boeing company opened the ZHOUSHAN facility in the midst of a previous trade fascinating between the United States and China, executive officials promoted aviation as a “bright point” for trade between the two countries.
However, almost no companies were provided during this round of the trade war between the United States of China-all of all industrial giants. Boeing’s shares decreased by 17 % per day immediately after Trump presented his customs tariff policy on April 2. His shares have mostly recovered since that initial blow. However, it is 2.5 % decreased On the day it was reported, China ordered to stop new aircraft orders.
Working for Boeing is its role as a real American manufacturing power, and it is a delicate type of business that the Trump administration claims to protect.
“The Trump administration cannot ignore Boeing,” books Bank of America Space analyst Ronald Epstein this week.
So far it seems true. Boeing’s cases, which reported the Chinese delivery operations, caught the president’s attention.
“China has just passed in the Big Boeing deal,” Trump wrote on a social media site on Tuesday.
This story was originally shown on Fortune.com
