China Lifts Boeing Ban, Tariffs Cut in Trade Truce

China has lifted its month-long ban on Boeing aircraft deliveries after a trade truce with the U.S., which includes a temporary 90-day reduction in tariffs. Under the agreement, U.S. tariffs on Chinese goods are lowered to 30% from 145%, while Chinese tariffs on U.S. goods, including aircraft, are reduced to 10% from 125%. The initial ban was imposed after China raised tariffs, forcing Chinese airlines to refuse and return dozens of Boeing jets, straining Boeing’s finances. Airlines in China have now been notified that they may resume receiving U.S.-made planes, though delivery timing remains flexible amid ongoing negotiations. Industry analysts estimate the move could allow Boeing to deliver around 50 jets to China this year, offering significant relief to the company. The development is seen as a visible sign of easing trade tensions and improving relations between the two countries.