A slowdown in China’s jet demand growth reflects the ongoing US-China trade war, which has prompted more frugal spending among Chinese travelers and clouded the outlook for Chinese airlines. Trade salvos have shattered the earlier vibrancy of China’s air travel market. Current US import tariffs of 30% on Chinese goods and China’s 10% levies on US products have been extended for 90 days as trade negotiations continue. But record-high tariff rates on both sides of the divide have dented consumer confidence.
