The United States and China have engaged in a rapid tit-for-tat exchange over the past three weeks, with each side raising tariffs on the other’s products.
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Air India is likely to take up the Boeing planes rejected by Chinese carriers amid its tariff war with the United States, reported Bloomberg, citing people familiar with the matter. This might be India’s first big gain from the US-China trade war.
Air India needs aircrafts in its fleet to expedite its revival, and it plans to approach Boeing about acquiring the jets manufactured for Chinese carriers before US President Donald Trump announced reciprocal tariffs, the report claimed. There has been
Earlier in March this year, Air India had accepted 41 737 Max jets originally built for Chinese airlines after their deliveries were deferred. Apart from Air India, Malaysia Aviation Group Bhd. is also in talks with Boeing to take up its carriers, reported Bernama.
Why China Paused Boeing Jet Deliveries
US-China Tariff War
In February and March, Trump slapped two rounds of 10 per cent tariffs on Chinese goods, citing allegations of Beijing’s role in the fentanyl crisis. Following this, the US President imposed 34 per cent tariffs on all Chinese goods as he announced reciprocal tariffs on April 2.
