China confirms it will buy 200 Boeing jets after Trump-Xi summit

China has confirmed that it will buy 200 Boeing jets after US President Donald Trump and his Chinese counterpart Xi Jinping met in Beijing last week. Under the deal, the US will provide China with supply guarantees for aircraft engine parts and components, China's Commerce Ministry said on Wednesday. The two sides will also work towards an extension of the tariffs truce they agreed in October and seek tariff cuts on $30bn (£22.4bn) or more of goods each, the ministry added. The announcement came as Xi was holding talks with Russia's President Vladimir Putin just days after Trump's visit. Trump's trip to China produced several pledges on trade between the world's two biggest economies including the Boeing purchase and increased access for American farmers to the Chinese market. "We made a lot of great trade deals, including over 200 planes for Boeing, with a promise of 750 planes, which would be by far the largest order ever," Trump told journalists on Air Force One after leaving China on Friday. Boeing's CEO Kelly Ortberg was part of the US delegation that travelled with Trump to China. It also included Tesla boss Elon Musk and Jensen Huang, the CEO of AI chip giant Nvidia. "We had
Source: For the complete article, please visit the original source link below.





