China Halts Boeing Jet Deliveries from US as Trade War Escalates
Trade War Heats Up: China Halts Boeing Deals, Blocks Rare ...
Daily SumUp · Daily SumUp
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Show Notes
Carriers also asked to stop purchases of aircraft-related equipment and parts from US firms, report says
China has reportedly ordered its airlines not to take any further deliveries of Boeing jets, the latest move in its tit-for-tat trade war with the US.
The Chinese government has asked carriers to stop purchases of aircraft-related equipment and parts from American companies, according to a Bloomberg News article, which cited people familiar with the matter.
The order was reported to have come after the country raised its retaliatory tariffs on US goods to 125% on Friday in response to Donald Trump’s levies on Chinese imports totalling 145%. Beijing was also said to be considering ways to support airlines that lease Boeing jets and are facing higher costs.
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