China has ordered its airlines to stop taking deliveries of Boeing aircraft and to halt purchases of US-made aviation equipment, in response to escalating trade tensions with the US, Bloomberg News reported Tuesday, citing people familiar with the matter.
The move follows China's imposition of 125% retaliatory tariffs on American goods after the US levied up to 145% tariffs on Chinese products.
The measures significantly raise costs for Chinese airlines, making Boeing deliveries impractical, according to the report. While some jets may still be delivered under previous agreements, the long-term outlook remains uncertain.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.