Tuesday, May 13, 2025

Creating liberating content

NEW DELHI: Biryani Blues, a quick service restaurant chain, on

SpiceJet on Tuesday announced it will resume its Haj 2025

Pharmaceutical major Cipla Ltd on Tuesday reported a 30% year-on-year

South Africa’s head coach Shukri Conrad has announced the 15-player

Related News

NEW DELHI: Biryani Blues, a quick service restaurant chain, on Tuesday announced that it has raised $5 million (over Rs 40 crore) in a funding round led by Carpediem Capital’s

SpiceJet on Tuesday announced it will resume its Haj 2025 operations from Srinagar starting May 14, with two flights scheduled to depart for Medina. This comes a day after Srinagar

Pharmaceutical major Cipla Ltd on Tuesday reported a 30% year-on-year (YoY) rise in its consolidated net profit, which stood at Rs 1,222 crore for the fourth quarter ended March 31,

South Africa’s head coach Shukri Conrad has announced the 15-player squad for the ICC World Test Championship Final against Australia, scheduled from 11 to 15 June at Lord’s Cricket Ground

The universe is poised to die much faster than previously thought, according to new research by Dutch scientists.But there’s no great need to panic. We still have 10 to the

Ravichandran Ashwin has endorsed Jasprit Bumrah as the potential new Test captain following the unexpected retirements of Rohit Sharma and Virat Kohli from Test cricket. Both batting stalwarts announced their

Trending News

SpiceJet on Tuesday announced it will resume its Haj 2025 operations from Srinagar starting May 14, with two flights scheduled to depart for Medina. This comes a day after Srinagar

India’s leading two-wheeler manufacturer, Hero MotoCorp, reported a 6% year-on-year (YoY) increase in its standalone net profit, reaching Rs 1,081 crore for the fourth quarter of FY25.The company also saw

India plans retaliatory tariffs on US steel and aluminium duties under WTO norms India on Monday proposed to impose retaliatory tariffs on US products under World Trade Organisation (WTO) rules,

Shares of One97 Communications Ltd, the parent company of Paytm, tumbled 5 per cent to their day’s low of Rs 823.10 on the BSE during early trade on Tuesday. The

Mumbai: Indian equities opened in the red this morning, a day after the markets saw a record rally due to major geopolitical developments, including India and Pakistan agreeing to a

Market watchers will focus on crucial inflation data due Tuesday, including India’s CPI and the US Core CPI figures. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian

China lifts Boeing ban after trade truce with US; jet deliveries set to resume

Word Count: 744 | Estimated Reading Time: 4 minutes


China lifts Boeing ban after trade truce with US; jet deliveries set to resume

China has lifted a month-long ban on Boeing aircraft deliveries, following trade talks with the United States, according to The Guardian, which cited sources. The decision follows a breakthrough in trade negotiations between the world’s two largest economies. As part of the tentative agreement, the US has slashed tariffs on most Chinese imports from a steep 145 per cent to 30 per cent for a 90-day window, while China has lowered its 125 per cent duties on US goods to 10 per cent and suspended several retaliatory measures.Sources said that Chinese authorities have begun informing state-owned airlines and aviation agencies this week that they may now resume deliveries of US-made aircraft. Airlines have been given discretion to arrange the timing and logistics of those deliveries independently.The move offers a much-needed lift to Boeing Co., which has been struggling with multiple headwinds, including safety concerns, production issues, and the fallout from global trade disputes. The resumption of deliveries will not only spare the US aerospace giant the cost and time of finding new buyers for approximately 50 planes destined for Chinese carriers this year, but will also unlock a fresh round of payments once the jets are handed over.China is expected to account for 20 per cent of global aircraft demand over the next 20 years, making it a crucial market for both Boeing and its European rival Airbus. In 2018, about a quarter of Boeing’s production went to China, but relations have cooled since then due to trade hostilities and a series of safety and quality issues plaguing the US manufacturer.Boeing’s troubles in China began in earnest after the Trump administration’s tariff blitz, which triggered retaliatory duties from Beijing. The Chinese government then barred local carriers from accepting new Boeing deliveries, pushing some jets to be returned to the US and prompting Boeing to explore alternative markets like India, Malaysia, and Saudi Arabia.Signs of a possible détente first emerged in late April when China expressed its willingness to normalise trade ties with US firms. Beijing offered to temporarily lift duties on certain American products, including medical devices, chemicals, and aviation leases — a gesture seen as a soft opening for further talks.Despite the progress, uncertainties remain. A Boeing spokesperson declined to comment on the development, and the Civil Aviation Administration of China has yet to issue an official statement. The three-month reprieve could prove fleeting if broader trade negotiations fail to yield a long-term resolution.China lifts Boeing ban after trade truce with US; jet deliveries set to resume.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account