China has prohibited its airlines from accepting any more Boeing jet deliveries, reflecting the intensifying trade dispute with the US. This decision follows China's significant increase in retaliatory tariffs on American goods, now reaching 125%, in retaliation to US tariffs on Chinese imports. The article discusses the implications for Boeing and highlights the challenges airlines face with cost increases due to tariffs. Some companies, like Ryanair, are considering delaying aircraft deliveries until conditions improve. The overall market response indicates anxiety over trade impacts on Boeing's operations and financial performance.
The Chinese government has ordered its airlines to cease further purchases of Boeing jets, a clear escalation in the ongoing trade war with the US.
This measure follows China's implementation of retaliatory tariffs of 125% on US goods, a response to President Trump's tariffs amounting to 145%.
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