US China Near Major Boeing Aircraft Deal Amid Trade Talks
US China Near Major Boeing Aircraft Deal Amid Trade Talks

US China Near Major Boeing Aircraft Deal Amid Trade Talks

News summary

The United States and China are nearing the final stages of negotiating a significant Boeing aircraft deal, potentially involving as many as 500 planes and valued at over $100 billion. U.S. Ambassador to China David Perdue emphasized the deal's importance to President Donald Trump, Boeing, and China, describing it as a "huge order" nearing completion. This potential agreement follows a recent phone conversation between Presidents Trump and Xi Jinping, signaling broader progress in trade talks, including discussions about the TikTok app's U.S. operations. The Boeing deal is seen by some as a possible centerpiece of a broader trade agreement aimed at easing ongoing tariff tensions between the two countries. Meanwhile, other trade developments continue, such as Chinese purchases of Argentine soybeans, which impact U.S. farmers, and a Supreme Court review of Trump's tariffs, which remain in place during the legal process. Plans for future high-level meetings, including at the Asia-Pacific Economic Cooperation summit, indicate ongoing diplomatic engagement between the U.S. and China.

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