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nitpicked

(1,609 posts)
Tue Apr 15, 2025, 06:57 AM Apr 2025

China Orders Boeing Jet Delivery Halt as Trade War Expands [View all]

https://www.bloomberg.com/news/articles/2025-04-15/china-tells-airlines-stop-taking-boeing-jets-as-trump-tariffs-expand-trade-war

China has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.

Beijing has also asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from US companies, the people said, asking not to be identified discussing matters that are private.

The order came after China unveiled retaliatory tariffs of 125% on American goods this past weekend, the people said. Those levies on their own would have more than doubled the cost of US-made aircraft and parts, making it impractical for Chinese airlines to accept Boeing planes.
(snip)

Shares of the US planemaker slid as much as 4.6% in premarket trading after Bloomberg News reported on the Chinese move. Through Monday, Boeing shares had declined 10% this year.
(snip)
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