China & Russia Target USA Planes - Joe Blogs

In this video I talk about two interesting developments whereby China & Russia are both targeting the USA aircraft manufacturer Boeing. As a result of the 125% tariffs in place on Chinese imports to the USA China has announced that is has suspended the purchase of all Boeing aircraft with immediate effect. These orders represent a significant amount of business for Boeing and could leave the company with a financial hole. In addition to this Russia has announced that it is seeking approval to use its frozen overseas assets, which equate to around $300 Billion, to purchase Boeing aircraft. This is currently not allowed under the Financial Sanctions however President Putin is currently in ongoing discussions with Donald Trump over the Ukraine War and may see this as a bargaining chip with the USA.

Chapters:
0:00 Intro
3:51 AIRCRAFT MARKET
8:07 CHINA
10:40 ORDER BOOK
13:21 RUSSIA
15:48 SUMMARY & CONCLUSION