US EditionUK to announce $10 billion Boeing purchase, US commerce secretary says
- On Thursday, U.S. Commerce Secretary Howard Lutnick revealed that the United Kingdom plans to acquire Boeing airplanes valued at $10 billion as part of a newly established bilateral trade deal.
- The agreement follows efforts to strengthen UK-U.S. Economic ties and support aerospace recovery after the COVID-19 pandemic, with officials calling the deal "historic."
- The trade agreement lowers duties, including reducing U.S. Tariffs on cars produced in the U.K. From 25% to 10%, and nearly removing import charges on U.S. Exports of beef and ethanol.
- Boeing shares closed at $192.72 after climbing 3.9%, reflecting investor optimism fueled by the $10 billion UK order and related trade developments.
- This purchase reflects renewed trust in Boeing and is anticipated to strengthen transatlantic aerospace collaboration while promoting economic development in both regions.
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Lutnick Says a U.K. Airline Will Buy $10 Billion Worth of Boeing Jets
Commerce Secretary Howard Lutnick said a British airline, which he didn't name, would announce later it is buying $10 billion worth of Boeing planes. The U.S. agreed to allow Rolls-Royce jet engines and parts to be imported tariff free, he said. Boeing shares rose 3% in U.S. morning trading.
·New York, United States
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UK to announce $10 billion Boeing purchase, US commerce secretary says
The United Kingdom will purchase $10 billion of Boeing planes, U.S. Commerce Secretary Howard Lutnick said at the White House on Thursday during the announcement of a bilateral trade deal between the UK and the United States, though the details were unclear.
·United Kingdom
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Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
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