Boeing Bets Comeback on Trump, China and an Elusive New Plane
Original Report
When Richard Nixon landed in Beijing in 1972 to end a quarter-century of Chinese diplomatic and economic isolation, his hosts were so enthralled with the US president’s airliner that within months...
When Richard Nixon landed in Beijing in 1972 to end a quarter-century of Chinese diplomatic and economic isolation, his hosts were so enthralled with the US president’s airliner that within months they ordered 10 Boeing Co. 707 jets. That purchase kicked off one of the most consequential commercial relationships in the planemaker’s 110-year history and helped turn China into the world’s second-largest aviation market after the US. Now Boeing is poised to reprise that moment when President Donald Trump heads to China this week in search of his own breakthrough with his counterpart, Xi Jinping. Boeing Chief Executive Officer Kelly Ortberg is expected to join the US delegation to China and has dangled the prospect of a major deal, saying Trump’s visit would be “a meaningful opportunity for us.” We get more from Bloomberg's Sid Philip. (Source: Bloomberg)
Glass House Analysis
International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
S&P 500 retreats from record as tech rally cools off, inflation flares up: Live updates
Economists polled by Dow Jones were calling for headline CPI to have gained 3.7% from a year earlier.
Hims & Hers plummets 13% after first-quarter loss, weak earnings guidance
Hims & Hers reached a deal with Novo Nordisk in March to sell its GLP-1 weight loss drug Wegovy on its platform.
Trump says Makary is out as FDA commissioner, following industry and White House backlash
Makary's tenure was marked by internal dysfunction at the FDA, leadership turmoil and mounting backlash from drugmakers and physicians on regulatory decisions.
AI is ‘absolutely useless’ at forecasting inflation. This proven model is 12 times more accurate.
A “low-tech” tool from the Cleveland Fed consistently outperforms generative AI, which has struggled to provide reliable forecasts.