Boeing experiences a significant stock drop following reports that China has suspended deliveries of its aircraft, impacting the aerospace giant's market performance.
Boeing's stock took a nosedive this week after reports emerged that China has ordered its airlines to halt deliveries of Boeing jets. This move is seen as a significant escalation in the ongoing trade tensions between the U.S. and China. China's decision comes in response to the U.S. imposing 145% tariffs on Chinese imports, prompting Beijing to retaliate with its own measures.
The halt affects numerous orders, with only those finalized before the tariffs potentially being accepted. Boeing, already grappling with internal challenges and a 7% market value decline this year, now faces increased pressure as China accounts for a substantial portion of global aircraft demand. 9News +12 Money Check +12 thetimes.co.uk +12 theguardian.com +2 thetimes.co.uk +2 CNA +2 theguardian.com +1 thetimes.co.uk +1
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