Boeing Shares Tumble as China Halts Jet Deliveries
From Financial Modeling Prep: 2025-04-15 06:34:00
Boeing shares fell 2.5% in pre-market trading as China ordered its airlines to halt Boeing deliveries amid escalating trade tensions. China accounts for 20% of global aircraft demand and 25% of Boeing’s deliveries. Retaliatory tariffs of 125% on American goods have doubled costs for Chinese airlines. The Chinese government may intervene to aid airlines leasing Boeing jets. This situation highlights the volatility of U.S.-China trade relations and adds uncertainty for investors regarding Boeing’s earnings and future orders.
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