US-China Trade Dynamics: Boeing Deals and Future Prospects
L'essentiel
- US official Bessent noted 200 Boeing planes agreed during a visit, with more expected when Xi Jinping arrives.
- Expert Gupta linked Boeing purchases to China's C919 jet engine supply, predicting up to 550 more planes if trust is established.
- This follows the US Trade Representative's office announcing a comment process for a new US-China Board of Trade.
Résumé généré par IA
“They agreed to 200 aeroplanes during the visit. We will see if they commit to a larger number when Xi Jinping arrives in Washington,” Bessent said in his budget request testimony to the Senate Finance Committee.
Sourabh Gupta, a Resident Senior Fellow at the Institute for China-America Studies highlighted that Boeing purchases were “expressly tied” to the continuity of supply of engines and parts for China’s flagship C919 passenger jet.
“Once there is sufficient trust on assurance of flow, the number of Boeing jet purchases could reach up to an additional 500-550 more,” he predicted.
Bessent’s statement comes a day after the US Trade Representative’s office announced a public comment process regarding the newly created US-China Board of Trade – a mechanism to manage bilateral trade between the world’s two biggest economies.
