China sends Boeing’s $55M jet back to US threatening future sales
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A brand‑new Boeing 737 MAX to be used for Xiamen Airlines flew back to Seattle on Saturday. This happened after trade tariffs were announced for China, underscoring the deepening clash between Washington and Beijing. The single‑aisle jet landed at Boeing Field at 6:11 p.m. after a 5,000‑mile journey that included refueling stops in Guam and Hawaii. CNN reported that it had been waiting at Boeing’s Zhoushan completion center for final checks before handover, but rising duties turned the handover into a financial dead end. Earlier this month, the United States increased baseline tariffs on Chinese imports to 145%. China retaliated with 125% duties on American goods. At a market value near $55 million, a new 737 MAX would cost a Chinese buyer well over twice that figure once the extra charges were added. The abrupt return is the clearest sign yet that commercial aircraft’s long‑standing duty‑free status has been disrupted. Boeing had only just resumed preparing 737 MAX deliveries to China after an almost five‑year freeze linked to safety reviews and a previous round of trade friction. The tariffs have impacted the market on Tuesday after Bloomberg reported that Chinese authorities told domestic carriers to halt all Boeing deliveries. The news sent Boeing shares, a Dow component, down about 1% by midday. The White House and Boeing stayed silent, but President Donald Trump wrote on social media that China “just reneged on the big Boeing deal, saying that they will ‘not take possession’ of fully committed to aircraft.” Airline chiefs and industry analysts warn that aircraft deliveries will stay uncertain due to shifting tariffs. Some carriers say they would rather defer deliveries than pay tariffs. Boeing’s China business is at risk amidst the company’s losses The 737 MAX is Boeing’s best‑selling model and a vital revenue source. Yet the company…
Filed under: News - @ April 20, 2025 11:04 pm