In response to significant U.S. tariffs on Chinese goods, China has ordered its airlines to suspend deliveries of Boeing jets and purchases of U.S. aircraft-related parts. This decision risks increasing maintenance costs for existing Boeing jets in China and could shift airline preferences toward competitors like Airbus and domestic manufacturer COMAC. Amid this escalating trade conflict, airlines may seek government assistance to manage their higher leasing costs. Analysts warn that continued tariff tensions could severely impact the $650 billion trade relationship between the U.S. and China.
China has ordered its airlines not to take any further deliveries of Boeing jets in response to the U.S. decision to impose 145% tariffs on Chinese goods.
The escalating tit-for-tat tariffs between the world's two biggest economies risk bringing goods trade between the world's two largest economies to a standstill.
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