Between the United Business stress, China has banned the release of aircraft from the US plane manufacturer Boeing. China directed its airlines to buy new aircraft from the Booning Company and buy the plane equipment or parts from the United States. The move has come after the decision to be released from the US President Donald Trump of Tariff to 145 percent.
The price of spare parts has become more than double: China announced to put a repayment of 125 per cent of the US products. New tariffs have more than doubled from the aircraft imported from the United States, which has been difficult to buy the Boeing ships for the Chinese Airlines. According to a report of Bloomberg, China is now looking for ways to help the airlines who have hired the Boeing ships and are now facing more costs.
China’s global aircraft is a big part in the market:
This situation has become a serious challenge for Boeing, especially in times when China has become a large portion of the world. It has been estimated that China will complete 20 per cent of the demand for the world class at the next 20 years. In 2018, about 25 percent of the total ships sold by Boeing were sent to China. However, issues like US-China business stress and boiung, China has not given a big new order with Boeing in recent years. When the 737 max ships were grown after two deadly accidents in 2019, China was the first to decide.
During Trump and Bidens, commercial differences have forced China to hold China to European airplate air inclums to the Airbus SE. In addition, Boying began another blow at the beginning of 2024 when the ‘Door Plug’ of an aircraft was blown away, which was raised questions on the company’s quality. This whole event is also clear that even if China has tried to reduce its dependency on foreign companies, they are dependent on countries like countries and Europe to meet their increasing air needs.