Trump Says China Deal May Spur $20 Billion in Boeing Sales
Trump Says U.S.-China Deal May Spur $20 Billion in Boeing Sales
(Bloomberg) -- President Donald Trump said the partial U.S.-China trade deal may lead to as much as $20 billion in sales of Boeing Co. airplanes, in addition to spurring billion of dollars in purchases of agricultural goods.
“Other aspects of the deal are also great -- technology, financial services, 16-20 Billion in Boeing Planes etc,” Trump tweeted Saturday without any specifics about the aircraft portion. A spokesman for Boeing declined to comment.
In unveiling the overall deal on Friday, Trump stressed a surge in Chinese purchases of U.S. farm products -- an offer Beijing offered more than two years ago. It will be accompanied by unspecified commitments on intellectual property. No mention was made at the White House of aircraft purchases.
Boeing has a seat in the trade discussions and CEO Dennis Muilenburg has in recent months pointed out that aerospace is one of the industries where U.S. and China’s interests converge. Boeing is one of the largest U.S. exporters, while China is the biggest overseas customer for its aircraft.
China has traditionally split its orders evenly between Boeing and Europe’s Airbus SE.
To contact the reporters on this story: Steve Geimann in Washington at sgeimann@bloomberg.net;Julie Johnsson in Chicago at jjohnsson@bloomberg.net
To contact the editor responsible for this story: James Ludden at jludden@bloomberg.net
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