The Boeing 737 Max recently landed in China, marking its first delivery in nearly two months amidst easing trade tensions between the US and China. This flight, which started from Seattle, had previously been affected by tariffs that prompted Boeing to return aircraft to the US. Ongoing trade negotiations are set to continue, with both nations having made concessions on tariffs. Boeing's CEO noted that China accounts for a notable percentage of aircraft sales, and improved relations could positively impact deliveries moving forward.
Boeing's 737 Max landed in China for the first time in months amid easing US-China trade tensions, coinciding with upcoming negotiations to resolve trade issues.
The plane's delivery follows a period where trade tariffs escalated, severely impacting Boeing's market in China, leading to resold aircraft instead of deliveries.
China's reduced tariffs to 10% from 125%, alongside the US scaling back its levies, paves the way for improved trade conditions.
Boeing CEO hinted at a gradual recovery as 'many customers in China indicated they will not take delivery' due to the prior trade tensions.
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