Finance, Taxes, Insurance
China's New Aircraft Tariffs Hit G550, G650, and BBJ1
25 percent aircraft import tariffs imposed today by China are the result of an escalating tit-for-tat trade war with the U.S.

The Gulfstream G550 and G650, as well as the Boeing Business Jet BBJ1, are ensnared in 25-percent aircraft import tariffs imposed today by China as a result of an escalating tit-for-tat trade war with the U.S. It’s unclear if these tariffs are an increase of, or are in addition to, China’s existing 22-percent import tariff on business aircraft.