According to sources familiar with the situation, Bloomberg News reported Thursday that US aviation giant Boeing is in negotiations to sell up to 500 aircraft to Chinese enterprises. With firm shares surging as high as 3.7 percent in pre-market dealings but still up only 0.2 percent at 11:20 am (1520 GMT), the offer would be a significant victory for the faltering US manufacturer.
According to individuals who spoke to Bloomberg, the accord would depend on Washington and Beijing reaching a longer-term settlement in their ongoing trade spat.
According to Bloomberg, whose sources said Chinese officials had started asking domestic airlines how many planes they would need, the Boeing contract would probably be a major component of a US-China trade agreement. When questioned about the report, Boeing told AFP, “We don’t comment on speculation.
In an effort to rectify US trade deficits that he claims are proof of unfair practices, President Donald Trump has imposed fresh tariffs on trading partners worldwide since taking office in January. Trump’s agreements that promise to correct trade imbalances frequently involve purchases of aircraft from Boeing, the biggest US industrial exporter.
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