'Our Max 7 is at extreme risk. If you don’t level the playing field now, it will be too late,” Kevin McAllister, CEO of Boeing Commercial Airplanes, told the US International Trade Commission.
Treasury Secretary Steven Mnuchin: “We are in economic competition with China. This isn’t about trade wars. This is about reciprocal fair trade.”
Moving production of similar goods to domestic factories would also boost Prime Minister Narendra Modi’s ‘Make in India’ push and help contain India’s trade shortfall with China.
Also, output for makers of defense and space equipment rose 0.7%, reversing an October decline.