China Is Blocking Airlines From Buying “Tens Of Billions Of Dollars” In Boeing Airplanes

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In what should serve as a wakeup call for the Biden administration about the climate of trade between the U.S. and China (but won’t), China is reportedly blocking its domestic airlines from doing business with Boeing.

U.S. Commerce Secretary Gina Raimondo made the revelation on Tuesday, according to Reuters, stating that Chinese airlines were being prevented from buying “tens of billions of dollars” in U.S. made airplanes.

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Raimondo also pointed out that China wasn’t living up to its promises made in 2020 to buy U.S. goods.

Raimondo commented on Tuesday: “I don’t know if Boeing is here. … There’s tens of billions of dollars of planes that Chinese airlines want to buy but the Chinese government is standing in the way.”

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She went into depth on a National Public Radio broadcast, also on Tuesday, stating: “The Chinese need to play by the rules. We need to hold their feet to the fire and hold them accountable.”

www.zerohedge.com/markets/china-blocking-its-airlines-buying-tens-billions-dollars-us-made-boeing-airplanes

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