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What happens if Turkey cancels the 100 billion dollar Boeing orders of airplanes because of the threat of U.S. sanctions?

3 years ago
11

If Turkey cancels the $100 billion Boeing orders of airplanes due to the threat of U.S. sanctions, it would have significant consequences for both Turkey and Boeing.

Firstly, Turkey's cancellation of the orders would result in a loss of revenue for Boeing, which would affect the company's financial performance. Boeing is already facing financial challenges due to the grounding of its 737 Max aircraft, and the cancellation of such a significant order would further exacerbate the company's financial woes.

Secondly, Turkey's cancellation of the orders would also have an impact on the U.S. economy. Boeing is one of the largest U.S. exporters, and the cancellation of such a significant order could result in job losses in the U.S.

Thirdly, Turkey's cancellation of the orders could have wider geopolitical implications. Turkey has been seeking to diversify its defense procurement, and the cancellation of the Boeing orders could signal a shift towards other countries such as Russia and China. This could have implications for Turkey's relationship with the U.S. and its NATO allies.

Overall, the cancellation of the $100 billion Boeing orders by Turkey due to the threat of U.S. sanctions would have significant economic and geopolitical consequences for both parties.

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