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US President Donald Trump announced in a television interview China's approval of the purchase of 200 aircraft from US company Boeing, in the first purchase of US commercial aircraft by Beijing in a decade. The announcement sparked mixed reactions in financial markets.
US President Donald Trump revealed during an interview with Fox News, clips of which were published on Thursday, that Washington and Beijing have reached an agreement on China's purchase of 200 aircraft from the US aerospace giant Boeing. The deal is the first of its kind in commercial aviation between the two countries in nearly a decade, signaling a potential improvement in economic relations between the world's two largest economies. Boeing shares have seen a decline The figure was more than 4% following the broadcast of Trump's statements, as the announced figure was much lower than previous expectations. Previous media reports indicated that a huge deal could be concluded involving 500 or more aircraft. The full details of the agreement are not yet clear, as Trump has not specified whether the number mentioned includes the entire order or is limited to certain types of narrow-body or wide-body aircraft. Both the White House administration and Boeing have refrained from Commenting on the details, US Treasury Secretary Scott Besant had previously expressed expectations of a large order announcement from Boeing during the presidential visit to Beijing, which included important talks with his Chinese counterpart Xi Jinping. The move comes as part of ongoing efforts to strengthen economic and trade cooperation between the United States and China, especially in strategic sectors such as the aviation industry.
Source: Al-Wehda Al-Arabia News Portal
