China has ordered its airlines to suspend further deliveries of Boeing jets in response to the United States' decision to impose 145% tariffs on Chinese goods, according to a Bloomberg News report on Tuesday.
This move escalates the ongoing trade dispute between the two countries, adding pressure to Boeing, which considers China one of its key markets.
Shares of Boeing fell by 3% in premarket trading following the news, while shares of its rival Airbus rose by 1%. The suspension of deliveries is a significant blow to Boeing, as China is a major growth market for the company. The country's top three airlines—Air China, China Eastern Airlines, and China Southern Airlines—were set to receive 45, 53, and 81 Boeing jets, respectively, between 2025 and 2027.
In addition to halting the delivery of Boeing aircraft, the Chinese government has reportedly instructed Chinese carriers to cease purchasing aircraft-related parts and equipment from U.S. companies. This could lead to higher maintenance costs for Boeing jets operating in China, compounding the difficulties faced by the American aerospace giant.
China’s decision follows a broader pattern of retaliatory measures against U.S. tariffs. Last week, Beijing raised tariffs on U.S. imports to 125%, significantly increasing the cost of Boeing jets for Chinese carriers. This move may push airlines to consider alternatives, including Airbus and China's domestic aircraft manufacturer COMAC.
The halt in deliveries to China is a setback for Boeing, which has already been grappling with the fallout from the grounding of its 737 MAX jets after two deadly crashes in 2018 and 2019. Boeing's recovery has been slow, compounded by labor strikes, regulatory scrutiny, and supply chain disruptions.
The escalating tariffs between the U.S. and China have the potential to severely impact global trade, with analysts warning that the ongoing trade war could bring goods trade between the two largest economies to a standstill. In 2024, trade between the two nations was valued at over $650 billion.
Armenia will offer Azerbaijani as an optional subject for 10-12th grade students in three schools from the 2025/2026 academic year as part of a state ...
The official opening of the Art Weekend festival took place on October 31 at the Heydar Aliyev Center, bringing together artists, curators, and cultur...
Tens of thousands of demonstrators filled Serbia’s second-largest city on Saturday, marking one year since a railway station roof collapse killed 16...
Members of a U.S. congressional committee investigating the Jeffrey Epstein case have stepped up pressure on Andrew Mountbatten-Windsor to answer ques...
Confronted with deepening fractures in the global trading system, Asia-Pacific leaders adopted a joint declaration at the close of the annual APEC sum...
Chinese President Xi Jinping told South Korean President Lee Jae Myung on Saturday that he was ready to deepen cooperation and work together to address shared challenges, while Lee appealed for Beijing’s support in efforts to revive dialogue with nuclear-armed North Korea.
U.S. President Donald Trump said on Friday he would lift all fentanyl-related tariffs on Chinese goods if Beijing takes concrete steps to restrict exports of the drug and the precursor chemicals used to produce it.
Executive Director of the Asia-Pacific Economic Cooperation (APEC) Secretariat Eduardo Pedrosa said China is expected to host the APEC summit in 2026, noting that the country’s future policy priorities will play a key role in shaping the regional agenda.
China successfully carried out its latest crewed space mission on Friday night. The Shenzhou-21 spacecraft was launched at 23:44 (Beijing Time) from the Jiuquan Satellite Launch Center in the country’s northwest atop a Long March-2F carrier rocket.
Reports from CNN say the Pentagon has approved the provision of long range Tomahawk missiles to Ukraine after assessing its impact on U.S. stockpiles, while leaving the ultimate decision to President Trump.
Tanzanian police fired tear gas and live rounds on Thursday to disperse protesters in Dar es Salaam and other cities, a day after a disputed election marked by violence and claims of political repression, witnesses said.
Russia launched a barrage of drones and missiles at Ukraine's energy infrastructure and other targets, forcing nationwide power restrictions and killing seven people, including a seven-year-old girl, Ukrainian officials said on Thursday.
The U.S. State Department has ordered the departure of all non-emergency personnel and their family members from Mali, citing escalating security risks as al Qaeda-linked insurgents tighten a fuel blockade on the country.
Argentina has boosted security along its border with Brazil following a large-scale police operation against the Comando Vermelho gang in Rio de Janeiro, which has reportedly left more than 100 people dead since it began on Tuesday.
Tens of thousands of demonstrators filled Serbia’s second-largest city on Saturday, marking one year since a railway station roof collapse killed 16 people, a tragedy that has fuelled public outrage over alleged corruption and lack of accountability.
Members of a U.S. congressional committee investigating the Jeffrey Epstein case have stepped up pressure on Andrew Mountbatten-Windsor to answer questions about his relationship with the late financier and convicted sex offender, the BBC reported on Saturday.
Confronted with deepening fractures in the global trading system, Asia-Pacific leaders adopted a joint declaration at the close of the annual APEC summit on Saturday, underscoring the need for resilience and shared prosperity in trade.
Dozens of countries have yet to secure accommodation for their delegations at the COP30 climate summit, just a week before it begins, prompting host nation Brazil to offer free cruise ship cabins to poorer states in a last-minute effort to guarantee their participation.
Chinese President Xi Jinping told South Korean President Lee Jae Myung on Saturday that he was ready to deepen cooperation and work together to address shared challenges, while Lee appealed for Beijing’s support in efforts to revive dialogue with nuclear-armed North Korea.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment