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Growth in both economies would lose steam. On Tuesday, IMF Managing Director Christine Lagarde said U.S. gross domestic product would fall by up to 0.6 percent and China’s would fall by up to 1.5 percent. Any attempts to address a trade deficit or surplus with another country through tariffs would shift the trade balances with other countries, making no impact on a country’s aggregate balance, the IMF said. For example, U.S mens custom cufflinks. imports of electronics and machinery from China would drop to 11.5 percent after the tariffs from about 22.1 percent of total imports, while the proportion of imports from other countries would rise..
(Reuters) – More than 300 Boeing 737 MAX jets have been grounded worldwide after two fatal crashes in the past five months in Ethiopia and Indonesia killed nearly 350 people. Investigators looking to uncover the causes must answer one of the biggest questions: Was the plane’s software to blame? mens custom cufflinks. ** Boeing has stopped delivery of all new MAX jets. Its stock has fallen 7.5 percent since the Ethiopian Airlines crash. ** Boeing maintains its new, fuel-efficient jets are safe, but supported the U.S. Federal Aviation Administration (FAA) decision to ground them..
** Europe and Canada said they would independently certify the safety of the jets, further complicating plans to get the aircraft back flying. ** Boeing will mandate on MAX jets a previously optional cockpit warning light, which might have warned of problems that possibly played a role in the Ethiopian and Indonesian crashes, sources said on March 21 mens custom cufflinks. ** Indonesia’s flag carrier Garuda said on March 22 it had sent a letter to Boeing asking to cancel an order for 49 MAX 8 aircraft, becoming the first airline to confirm plans to cancel an order after the crashes..
** Investigators have found similarities in the ‘angle of attack’ data from both flights. A piece of a stabilizer in the wreckage of the Ethiopian jet with the trim set in an unusual position was similar to that of the Lion Air plane, sources said. ** Experts believe a new flight control system, MCAS, on the jets, designed to stop stalling by dipping the nose, may have been a factor in both crashes, with pilots unable to override it as their jets plunged after a faulty sensor indicated a stall mens custom cufflinks. But no conclusive evidence yet links the two accidents..
** The MCAS system on the Ethiopian flight re-engaged as many as four times after the crew initially turned it off, two people familiar with the matter told Reuters on April 3 mens custom cufflinks. ** The Wall Street Journal reported on April 3 that the Ethiopian Airlines pilots had initially followed Boeing’s emergency procedures but later deviated from them as they tried to regain control of the plane. ** Boeing’s commercial airplane division has brought in a new vice president of engineering while dedicating another top executive to the aircraft investigations, a company email showed..