China’s Commerce Ministry announced Wednesday that the country plans to purchase 200 Boeing aircraft while pursuing an extension of its trade deal with the United States that was originally negotiated in Kuala Lumpur last year.
According to the ministry’s statement, the United States will guarantee supply chains for aircraft engine parts and components as part of the Boeing purchase agreement.
The ministry further indicated that both nations will pursue mutual tariff reductions affecting $30 billion or more in goods from each country. Officials emphasized that American tariffs imposed on Chinese products cannot surpass the limits established in the original Kuala Lumpur agreement.
