Trade War Turbulence: China Halts Boeing Jet Deliveries For Airlines

China has instructed its airlines to halt all further Boeing aircraft deliveries, escalating the ongoing trade war with the U.S. This action also includes a suspension of purchases of related equipment and parts from American companies. The order follows China's imposition of retaliatory tariffs on American goods. Some previously agreed upon deliveries might still be allowed on a case-by-case basis. China is exploring support measures for airlines leasing Boeing planes facing increased costs. This non-tariff retaliation complements other actions, including limiting Hollywood films and slowing rare earth exports. Boeing's stock price dropped significantly following the news, reflecting the impact of the trade dispute. China's potential countermeasures extend beyond tariffs, encompassing export controls, currency devaluation, and restricting market access. The trade war between the U.S. and China shows no immediate signs of ending.