The resumption of deliveries to China will be an immediate boost to Boeing. The thawing comes as the world’s two biggest economies agreed to a tariff truce, with the US lowering its combined 145% levies on most Chinese imports to 30% for 90 days. China agreed to slash its 125% duties on US goods to 10%, and remove other countermeasures taken against the US since April 2. Still, the restoration of jet deliveries could be short-lived if the tariff war isn’t resolved during the three-month reprieve.
China has removed a month-long ban on airlines taking delivery of Boeing Co planes, according to people familiar with the matter, following a breakthrough in trade talks with the US that temporarily slashed tariffs on each side.
Officials in Beijing have started to tell domestic carriers and government agencies this week that deliveries of US-made aircraft can resume, the people said, asking not to be identified because the information is confidential. Discretion has been given for airlines to organize delivery on their own timing and terms, one of the people added.
