Tags: China | Trump Administration | trump | boeing | china | deal | 20billion

Trump: China Deal May Spur $20 Billion in Boeing Sales

Trump: China Deal May Spur $20 Billion in Boeing Sales
Mohamed Ahmed Soliman | Dreamstime.com
 

Saturday, 12 October 2019 03:16 PM

President Donald Trump said the partial U.S.-China trade deal may lead to as much as $20 billion in sales of Boeing Co. airplanes, in addition to spurring billion of dollars in purchases of agricultural goods.

“Other aspects of the deal are also great -- technology, financial services, 16-20 Billion in Boeing Planes etc,” Trump tweeted Saturday without any specifics about the aircraft portion. A spokesman for Boeing declined to comment.

In unveiling the overall deal on Friday, Trump stressed a surge in Chinese purchases of U.S. farm products -- an offer Beijing offered more than two years ago. It will be accompanied by unspecified commitments on intellectual property. No mention was made at the White House of aircraft purchases.

Boeing has a seat in the trade discussions and CEO Dennis Muilenburg has in recent months pointed out that aerospace is one of the industries where U.S. and China’s interests converge. Boeing is one of the largest U.S. exporters, while China is the biggest overseas customer for its aircraft.

China has traditionally split its orders evenly between Boeing (BA) and Europe’s Airbus SE.

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President Donald Trump said the partial U.S.-China trade deal may lead to as much as $20 billion in sales of Boeing Co. airplanes, in addition to spurring billion of dollars in purchases of agricultural goods.
trump, boeing, china, deal, 20billion
182
2019-16-12
Saturday, 12 October 2019 03:16 PM
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