The Trump administration is poised to give a GE joint venture the green light to continue exporting jet engines to China -- despite national security concerns raised by some US officials
The Trump administration is poised to give a GE joint venture the green light to continue exporting jet engines to China -- despite national security concerns raised by some US officials.That comes as a major relief to GE after The Wall Street Journal reported the Trump administration could block the export of LEAP 1C jet engines to China because of fears that the products could be reverse-engineered.
"The Twitter outburst followed a Tuesday phone call about the jet engines between Trump, Commerce Secretary Ross and Defense Secretary Mark Esper, the person familiar with the matter said. GE is burning through gobs of cashThe license in question allows GE to export its Leap-1C engine to China for use in the C919, a narrow-body aircraft in development. GE has received approval from the Commerce Department since 2014 for this program. The most recent license was granted nearly a year ago.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trump praises embattled Attorney General William Barr, says 'I do make his job harder'"I do make his job harder," Trump said of Barr."He&39;s a very straight shooter. We have a great attorney general and he&39;s working very hard."
Consulte Mais informação »
Trump tweets Justice Department criticism despite Attorney General Barr's threat to quitAttorney General Willam Barr reportedly has warned people close to President Trump that he might resign if the president continues commeting on criminal cases.
Consulte Mais informação »
U.S. Attorney General Barr considers quitting over Trump tweets: sourceU.S. Attorney General William Barr is considering stepping down over President Donald Trump's tweets about Justice Department investigations, a source told Reuters. The department said he was not leaving
Consulte Mais informação »
GE's stock falls after WSJ report that Trump administration may block engine sales to ChinaShares of General Electric Co. dropped 1.8% in premarket trading Tuesday, after The Wall Street Journal reported over the weekend that the Trump...
Consulte Mais informação »
Trump Says He Supports Selling U.S. Jet Engines to ChinaThe president indicated on Tuesday that he would support continued export of U.S.-made the jet-engines to China, taking sides in a dispute within the administration about restricting high-tech exports over piracy concerns
Consulte Mais informação »