🇨🇳 China Orders Halt to Boeing Aircraft Deliveries Amid Trade War with the US 🇺🇸

According to a Bloomberg report, China has instructed its airlines to halt the delivery of Boeing aircraft as a retaliatory measure in the ongoing trade war with the United States. This decision came after China raised tariffs on US goods to 125%.

Key points from the report:

• Boeing Aircraft Delivery Halt: Chinese authorities have ordered domestic airlines to stop accepting deliveries of Boeing aircraft.
• Tariff Increase: This move follows China’s decision to raise tariffs on US goods to 125%.
• Equipment and Parts: Airlines have also been instructed to cease purchasing aircraft-related equipment and parts from American companies.
• Support for Airlines: The government is considering supporting airlines that face increased costs due to leasing Boeing aircraft.
• Trade War Context: The US has imposed significant tariffs on Chinese goods, leading to retaliatory measures from China.

With the increased tariffs, the cost for Chinese airlines to import American aircraft and parts has more than doubled, effectively making it difficult to continue purchasing Boeing aircraft.