Aerospace giant Boeing plans to cut about 2,000 jobs
Boeing plans to make staffing cuts in the aerospace company's finance and human resources departments in 2023, with a loss of around 2,000 jobs, the company said.
A fresh legal storm is brewing as former President Donald Trump is reportedly set to receive a $400 million Boeing āfloating palaceā from Qatar. The role of U.S. Attorney General Pam Bondi has come under scrutiny for āgreen-lightingā the controversial deal, over her previous role as a Lobbyist for the Qatari government. Senate Democrats had earlier flagged her failure to disclose these ties. As negotiations between the U.S. and Qatar continue, and with Trumpās upcoming visit to the Gulf nation, questions over legality, foreign influence, and ethics are intensifying.
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China is ramping up its trade war rhetoric with the U.S., urging President Trump to remove sweeping tariffs if the dispute is to be resolved. The Chinese Commerce Ministry emphasizes the need for "extreme scenario thinking" to manage trade risks as tensions rise. Despite claims of active talks from the Trump administration, China denies any negotiations are ongoing. Meanwhile, retaliatory measures continue, including China's refusal to send Boeing planes back and imposing a 125% tariff on U.S. products. The standoff shows no signs of easing as both sides dig in.
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President Trump has dramatically escalated the U.S.-China trade war, announcing tariffs of up to 245% on Chinese imports following Beijingās halt on future Boeing deliveries. The White House confirmed this move was a direct response to China backing out of a major aircraft deal. Chinaās Foreign Ministry hit back, calling the U.S. pressure āblackmailā and warning that they are not afraid of a prolonged trade fight. As both nations dig in, Trump says the āball is in Chinaās court,ā and that America will not back down until itās respected again.
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U.S. President Donald Trump has issued a strong warning to China, stating that the "ball is in China's court" amidst rising tensions and escalating tariffs. America's tariffs on Chinese goods have reached 145%, while China retaliates with 125% tariffs on U.S. imports. White House Press Secretary Karoline Leavitt emphasized that while the U.S. is open to negotiations, China must take the first step. This conflict, sparked by trade practices and the fentanyl issue, has deepened since Trumpās administration took office, with both countries facing significant economic consequences.
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In a bold response to escalating U.S. tariffs, China has ordered its airlines to suspend all deliveries of Boeing aircraft. The move, reported by Bloomberg, intensifies the trade war under President Trumpās administration and signals deeper economic retaliation from Beijing. U.S. aviation and tech sectors may feel the ripple effects soon.
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