Reuters reports that China has ordered its airlines to suspend deliveries of Boeing 737 Max jets, according to Bloomberg News, as trade tensions between the U.S. and China escalate. The move adds further pressure on Boeing, which is already facing production and labor challenges. They write:
China has ordered its airlines not to take any further deliveries of Boeing (BA.N), opens new tab jets in response to the U.S. decision to impose 145% tariffs on Chinese goods, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Shares of Boeing, which looks at China as one of its biggest growth markets and where rival Airbus (AIR.PA), opens new tab holds a dominant position, were down 3% in premarket trading. Airbus shares were up 1%. […]
The escalating tit-for-tat tariffs between the world’s two biggest economies risk bringing goods trade between the two countries to a standstill, according to analysts. That trade was valued at over $650 billion in 2024.
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