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Bloomberg
President Donald Trump said the partial US-China trade deal may lead to as much as $20 billion in sales of Boeing Co. airplanes, in addition to spurring billions 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 without any specifics about the aircraft portion. A spokesman for Boeing declined to comment.
“The deal I just made with China is, by far, the greatest and biggest deal ever made for our Great Patriot Farmers in the history of our country. In fact, there is a question as to whether or not this much product can be produced? Our farmers will figure it out. Thank you China!â€, tweeted Trump.
In unveiling the overall deal, Trump stressed a surge in Chinese purchases of US 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 US and China’s interests converge. Boeing is one of the largest US 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.