China has decided to grant exemptions from import tariffs for some aircraft parts, including jet engines, the head of French engine maker Safran said on Friday.
"We learned last night that China has taken the decision not to tax engines or landing gear or nacelles (engine housings), in other words a certain number of aerospace equipment parts," CEO Olivier Andries told reporters on a first-quarter results call.
"It demonstrates that the situation is very fluid," he said, adding that finished aircraft were not included in the decision.
China is considering exempting some U.S. imports from its 125% tariffs and is asking businesses to identify goods that could be eligible, business groups in China said on Friday.
The possible dispensation is the latest sign the world's two largest economies are prepared to try to calm a trade war.
Together with GE Aerospace, Safran co-produces LEAP jet engines for best-selling Boeing and Airbus narrow-body jets, as well as China's COMAC C919
"We learned last night that China has taken the decision not to tax engines or landing gear or nacelles (engine housings), in other words a certain number of aerospace equipment parts," CEO Olivier Andries told reporters on a first-quarter results call.
"It demonstrates that the situation is very fluid," he said, adding that finished aircraft were not included in the decision.
China is considering exempting some U.S. imports from its 125% tariffs and is asking businesses to identify goods that could be eligible, business groups in China said on Friday.
The possible dispensation is the latest sign the world's two largest economies are prepared to try to calm a trade war.
Together with GE Aerospace, Safran co-produces LEAP jet engines for best-selling Boeing and Airbus narrow-body jets, as well as China's COMAC C919
13 days ago
