Trade War ‘may hurt’ US Boe­ing

The Phnom Penh Post - - BUSINESS -

AT CHINA’S big­gest air show, a top Boe­ing ex­ec­u­tive voiced hope that the US and China would re­sume trade talks. He has rea­son to worry. The US aerospace gi­ant could fly into tur­bu­lence in a pro­tracted com­mer­cial con­flict.

While Boe­ing has so far es­caped the rounds of tit-for-tat tar­iffs, an­a­lysts say it is at risk of be­ing the next vic­tim if the trade war es­ca­lates, which would ben­e­fit its ri­val Air­bus.

Tar­iffs would bite deep for the Chicago-based com­pany as China – the world’s sec­ond big­gest air­craft mar­ket – rep­re­sents one-fifth of its global or­ders.

At Air­show China in the south­ern city of Zhuhai, the pres­i­dent of Boe­ing China, John Bruns said the com­pany was “con­fi­dent” that dia­logue will re­sume be­tween US and Chi­nese ne­go­tia­tors.

“A healthy airspace in­dus­try is in the best in­ter­ests of both coun­tries,” Bruns said on the side­lines of the ex­hi­bi­tion, where com­pa­nies are show­ing off their lat­est planes, he­li­copters and drones.

While Boe­ing’s large planes have avoided tar­iffs, China has other ways to hurt the com­pany, just as it bat­tles Air­bus for big­ger shares of the mas­sive mar­ket.

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