China halts all Boeing orders amid escalating tariff war with Trump, U.S.

Source: My Northwest

China is stopping all jet orders from American airline manufacturer Boeing in response to tariffs issued by the Trump administration, which have reached as high as 145% on Chinese goods and products, according to a report from Bloomberg News.

This announcement coincides with China’s decision to impose a 125% tariff on American goods over the weekend, which would have approximately doubled the cost of U.S.-made aircraft and parts.

Shares of Boeing stock dropped by 3% early Tuesday in response to the announcement.

The report said it’s unclear whether 10 Boeing 737 Max aircraft preparing to enter Chinese fleets will be able to enter China. Boeing has delivered 18 commercial jets to Chinese carriers so far this year.




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