China planning additional 25% tax on US-built large cabin aircraft

China’s Ministry of Commerce announced plans to place an additional 25% tariff on imports of US-built aircraft weighing between 15,000kg and 45,000kg. The tariffs, outlined by China as part of a $50 billion retaliation against duties on Chinese goods proposed by U.S. President Donald Trump, would add to the hurdles of selling private jets in an ...