China has confirmed an order for 200 Boeing aircraft, is moving forward with an extension of its tariff truce with the United States, and is preparing to further reduce retaliatory tariffs following Trump's meeting with Xi Jinping.
May 20, 2569 at 11.23:XNUMX a.m., Reuters reported that China is preparing to order 200 aircraft from Boeing while pushing for an extension of the trade agreement with the United States reached at a meeting in Kuala Lumpur last year. According to China's Ministry of Commerce, which revealed this on Wednesday (May 20).
The statement marks the first time the Chinese government has officially confirmed an order for Boeing aircraft.
before Donald Trump, President of the United States I traveled to China last week to attend a summit with... Xi Jinping President of China This led to several trade agreements and commitments, including the purchase of Boeing aircraft and the opening of additional agricultural markets.
Trump stated after the meeting in Beijing that the Boeing order could increase to as many as 750 aircraft, and that the planes would use engines from GE Aerospace.
Chinese Ministry of Commerce also stated that The United States will guarantee the supply of aircraft engine parts and equipment under this Boeing agreement.
In addition, both countries are preparing to push for retaliatory tariff reductions on goods worth over $30,000 billion, with China reiterating that US tariffs on Chinese goods must not exceed the levels stipulated in the Kuala Lumpur agreement.
Previously, China and the United States reached an agreement in Kuala Lumpur prior to the meeting of Trump and Xi Jinping in South Korea last October, which included extending the trade truce for another year.
The agreement includes a reduction in some U.S. tariffs on Chinese goods, as well as China's delay in imposing restrictions on exports of rare earth minerals and magnets, which are crucial to the world's technology and defense industries.
refer : www.reuters.com
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