In a significant development marking a step towards easing trade tensions, China has lifted its ban on domestic airlines taking delivery of Boeing aircraft, according to a Bloomberg News report citing sources familiar with the matter.
This decision follows a temporary trade truce between the United States and China announced earlier this week.
On Monday, both nations agreed to reduce steep tariffs for a period of at least 90 days, effectively hitting the pause button on a prolonged trade war between the world’s two largest economies. The move has been widely seen as an attempt to restore commercial stability and rebuild strained trade relations.
As part of this détente, Chinese officials reportedly informed domestic airlines and relevant government agencies that US-made aircraft deliveries can now resume. This marks a reversal from earlier this year when several Chinese carriers, citing the punitive tariffs, indicated they would not be accepting deliveries of Boeing jets.
In April, Boeing acknowledged that a number of its Chinese clients had halted deliveries due to trade tensions, prompting the aerospace giant to explore options to resell dozens of planes that were originally bound for China.
While Boeing declined to comment on the latest report, and China’s Civil Aviation Administration could not immediately be reached, industry observers have described the decision as a positive signal for both US aerospace exports and the global aviation market.
The development not only offers relief for Boeing, which has faced mounting challenges in recent years, but also underscores the potential for further thawing in US-China economic ties if both parties continue along a path of negotiation and compromise.
Melissa Enoch
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