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.
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