Posted on 12/11/2016 4:32:24 PM PST by Steelfish
Trump & Boeing: It's Not About Air Force One, It's About China by Jon Ostrower December 9, 2016
Boeing executives were blindsided by Donald Trump's Tuesday comments about the cost of Air Force One, but those weren't the tweets that worried America's largest exporter.
Many former and current Boeing executives say they're far more worried about Trump's antagonism toward China, the largest and most important growth market for the crown jewel of American manufacturing. "The vulnerability to China is pretty clear," said one former senior Boeing executive.
In contrast to the long term stakes over Boeing's future in China, the flap over the cost of Air Force One lasted 24 hours.
Boeing would be a prime target in any retribution by China if Trump follows through on his campaign threat to impose a hefty tariff on Chinese imports.
A shift of orders to Airbus would likely cause a rippling drop in output for Boeing, a loss of jobs, and, crucially, a loss of market share that would give Airbus the ability to lower prices and win other deals. One-quarter of the nearly 500 Boeing 737 jets delivered in 2015 went to Chinese airlines, serving a fast-growing middle class that's as large as the entire U.S. population. The market is worth a trillion dollars over the next 20 years.
Everyday, Boeing's factories are filled with colorful jets for Chinese airlines that Americans won't recognize: Xiamen, 9 air, Donghai, Ruili, Hainan, Hebei, Shandong and Shenzhen.
(Excerpt) Read more at money.cnn.com ...
It’s not about Air Force One or China. It’s about Boeing gouging the taxpayers.
It’s about [ALT] [LEFT] CNN and its Fake News Central.
Boeing needs to leave Chicago if Rahm can’t get Chicago squared away in the next year.
fake news.
I suggest the executives of Boeing read “The Art of the Deal” then maybe they can negotiate.
“It’s not about Air Force One or China. It’s about Boeing gouging the taxpayers.”
Yes, and the Ex-Im Bank. Boeing has been it’s “largest customer” for years, using the taxpayers money to finance their foreign market entry. If Boeing is smart, those presidential airliners will be free.
What Trump is concerned about is China requiring Boeing to build manufacturing and engineering facilities in China, have China steal the designs and manufacturing techniques, set up its own aircraft manufacturing, and then undercut Boeing in the international market.
Excellent point. When it comes to obscene profits, they don't come more obscene than Boeing's. How much money do they need?
How about paying it forward, Boeing? Show a little gratitude to the taxpayers for all the money of their's that's been funneled your way over the decades.
4 billion for 2 747s is I think way too much.
Trump talked about the procurement overruns when he campaigned in Louisiana
Good man.
Boeing is a significant consideration in our dealings with China, but those considerations should not prevent Trump from making major changes in our trade with China. An almost $400 billion annual trade deficit (and growing) with China is what Trump should focus on and the poor past decisions that led to such a huge deficit with one nation.
And no one should forget China's ultimate goal in commercial airliners and most any other product one can name.
You and I get it Vince, IMHO it is all about COMAC, I post this the other day: http://www.freerepublic.com/focus/news/3502658/posts?page=18#18
I agree. More fake news from CNN.
Boeing has to be reined in. No plant in China and no deal with the terrorist state of Iran. Obama always trying to help rivals and enemies.
A friend of mine worked at a large company. He said when the Chinese came to visit, they had to hide everything they could....cuz they knew they were there for one reason....to steal from us.
They offer it FOR FREE and the plane will mysteriously crash.
Would make a great movie. Remote detonation built in.
Airplanes still have china? Silverware? Linen napkins?
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