CNBC AI News – July 4th – The U.S. government has greenlit General Electric Aviation, the aerospace division of GE, to resume supplying jet engines to China’s Commercial Aircraft Corporation (COMAC), according to foreign media reports. This development signals a potential thaw in the ongoing trade tensions between the two global economic powerhouses.
A source familiar with the matter revealed that GE Aviation received the U.S. government’s approval to re-engage with COMAC the same day. This move is being interpreted as another positive indicator of easing trade friction between the United States and China.
Further underscoring this trend, another source indicated that at least one other aerospace company had its previously suspended export licenses to China reinstated on Thursday the 3rd. However, the identity of this company remains undisclosed.
The news of GE’s engine supply resumption arrives in tandem with other recent U.S. actions, including the lifting of export restrictions on chip design software developers and ethane producers targeting China. These combined measures suggest a forward momentum in the trade negotiations between Washington and Beijing.
Previously, reports had emerged describing the U.S. imposing restrictions on the sale of critical technologies, including those related to jet engines and semiconductors, in response to China’s rare earth export controls.
The Trump administration had, in fact, placed pauses on the sale of certain key American technologies to China, encompassing those vital for jet engines, semiconductors, and specific chemical applications.
According to sources privy to the situation, the U.S. Department of Commerce had previously suspended licenses for the sale of numerous products and technologies to COMAC, particularly those intended for the research and development of the C919 aircraft.
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