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China has lifted the ban on the delivery of Boeing aircraft to Chinese
airlines. This was reported by Bloomberg news agency based on insiders. The
move follows the breakthrough in trade negotiations between Washington and
Beijing. Both countries decided to temporarily reduce their import duties as a
result.
 
A month ago, China banned the delivery of aircraft from the American
manufacturer to Chinese airlines. Beijing also ordered a pause on all
purchases of aviation-related equipment and aircraft parts from American
companies. The ban followed US President Donald Trump's decision to increase
import duties on most Chinese goods to 145 percent.
 
China then retaliated with 125 percent duties on American goods. As a result,
Boeing found itself in the middle of the trade war between the two
superpowers. The Chinese tariffs would make Boeings and American aircraft
parts much more expensive for Chinese buyers. However, on Monday, China and
the United States announced that they would significantly reduce their tariffs
for the next 90 days. China currently imposes a 10 percent tariff on goods
from the US and the Americans impose a 30 percent tariff on Chinese goods.
 
The resumption of deliveries to China will give Boeing an immediate boost. The
aircraft manufacturer will now not have to find new buyers for the
approximately 50 aircraft that it will deliver to China this year. However,
the recovery in deliveries could be short-lived if the US-China trade war is
not resolved within the next three months.
 
Boeing's role in international trade also appears to be becoming increasingly
political. Trump announced a trade agreement with the United Kingdom last
week, including a $10 billion aircraft deal to supply Boeings to British
Airways.

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