Trump’s Tariffs Make Boeing a Potential Target in a Trade War
- 6 years ago
Trump’s Tariffs Make Boeing a Potential Target in a Trade War
And he’s doing the right thing.”
Two months later, the president visited Boeing’s South Carolina plant and, standing before a 787 Dreamliner, proclaimed, “God bless Boeing.”
While campaigning, Mr. Trump had repeatedly criticized the Export-Import Bank, which lends so much money to Mr. Muilenburg’s company
that it has been referred to as “Boeing’s Bank.” But in his first year as president, Mr. Trump decided to keep the bank alive.
He later told reporters that Boeing was “doing a little bit of a number,” and said, “We want Boeing to make a lot of money, but not that much money.”
Two weeks later, Dennis A. Muilenburg, Boeing’s chief executive, visited Mr. Trump in Florida and promised to keep the plane’s cost down.
“If China decides to retaliate, it hurts their airlines
and their burgeoning aerospace industry,” said Scott Hamilton, the managing director at the Leeham Company, an aviation consulting firm in Bainbridge Island, Wash. “Why would you do that?”
But if China wanted to exact revenge on the United States through Boeing, it would be uniquely positioned to do so.
“The likelihood of retaliation by their biggest single market, China, elevates this from an irritant to potentially disastrous, if not catastrophic,” said Richard Aboulafia,
vice president of analysis at Teal Group Corporation, a consulting firm in Fairfax, Va. “A trade war is the simplest way to cut off this fantastic growth they have enjoyed.”
Boeing has prospered since Mr. Trump’s election.
And he’s doing the right thing.”
Two months later, the president visited Boeing’s South Carolina plant and, standing before a 787 Dreamliner, proclaimed, “God bless Boeing.”
While campaigning, Mr. Trump had repeatedly criticized the Export-Import Bank, which lends so much money to Mr. Muilenburg’s company
that it has been referred to as “Boeing’s Bank.” But in his first year as president, Mr. Trump decided to keep the bank alive.
He later told reporters that Boeing was “doing a little bit of a number,” and said, “We want Boeing to make a lot of money, but not that much money.”
Two weeks later, Dennis A. Muilenburg, Boeing’s chief executive, visited Mr. Trump in Florida and promised to keep the plane’s cost down.
“If China decides to retaliate, it hurts their airlines
and their burgeoning aerospace industry,” said Scott Hamilton, the managing director at the Leeham Company, an aviation consulting firm in Bainbridge Island, Wash. “Why would you do that?”
But if China wanted to exact revenge on the United States through Boeing, it would be uniquely positioned to do so.
“The likelihood of retaliation by their biggest single market, China, elevates this from an irritant to potentially disastrous, if not catastrophic,” said Richard Aboulafia,
vice president of analysis at Teal Group Corporation, a consulting firm in Fairfax, Va. “A trade war is the simplest way to cut off this fantastic growth they have enjoyed.”
Boeing has prospered since Mr. Trump’s election.