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China sends back new Boeing jet made more expensive by tariffs | With estimated $55m price set to balloon by 125%, 737 Max returns to Seattle production hub still wearing the colours of Xiamen Airlines
With $55m price set to balloon by 125%, 737 Max returns to Seattle production hub still wearing the colours of Xiamen Airlines
A Boeing jet intended for a Chinese airline landed back at the planemaker’s US production hub on Sunday, a victim of the tit-for-tat bilateral tariffs launched by Donald Trump. Just hours before Trump detailed his so-called “liberation day” tariffs, Boeing chief executive, Kelly Ortberg, told a US Senate hearing that the company sold about 80% of its planes overseas and wanted to avoid getting into a situation where “certain markets become closed to us”. Michael O’Leary, the group chief executive of budget airline Ryanair, told the Financial Times last week that the company was due to receive 25 Boeing aircraft from August but “we might delay them and hope that common sense will prevail”.
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