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.
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Nvidia will take a $5.5 billion charge after the U.S. restricted exports of its H20 AI chip to China, citing security concerns. The move targets China's access to advanced tech, impacting Nvidia's key market amid growing global AI competition.
A mob attack on an Ahmadi place of worship in Karachi has left one man dead, highlighting ongoing persecution of the minority group.
A Russian court has sentenced 19-year-old Darya Kozyreva to nearly three years in prison for protesting the war in Ukraine using poetry and graffiti.
The new U.S. ambassador to Japan has called for closer military coordination with Tokyo, framing the alliance as crucial amid rising regional tensions and ongoing trade disputes.
Students in Serbia have rallied outside a police station as Belgrade University’s rector is questioned over support for anti-government protests.
OpenAI has unveiled a new option called Flex processing, an API service designed to provide more affordable AI model usage in exchange for slower response times and occasional resource unavailability.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
A mob attack on an Ahmadi place of worship in Karachi has left one man dead, highlighting ongoing persecution of the minority group.
A Russian court has sentenced 19-year-old Darya Kozyreva to nearly three years in prison for protesting the war in Ukraine using poetry and graffiti.
The new U.S. ambassador to Japan has called for closer military coordination with Tokyo, framing the alliance as crucial amid rising regional tensions and ongoing trade disputes.
Students in Serbia have rallied outside a police station as Belgrade University’s rector is questioned over support for anti-government protests.
Russian Foreign Minister Sergey Lavrov extended Moscow’s support for the ongoing indirect nuclear talks between the United States and Iran, offering to mediate or assist in any way that would be beneficial to Tehran and acceptable to Washington.
A mob attack on an Ahmadi place of worship in Karachi has left one man dead, highlighting ongoing persecution of the minority group.
A Russian court has sentenced 19-year-old Darya Kozyreva to nearly three years in prison for protesting the war in Ukraine using poetry and graffiti.
The new U.S. ambassador to Japan has called for closer military coordination with Tokyo, framing the alliance as crucial amid rising regional tensions and ongoing trade disputes.
Students in Serbia have rallied outside a police station as Belgrade University’s rector is questioned over support for anti-government protests.
OpenAI has unveiled a new option called Flex processing, an API service designed to provide more affordable AI model usage in exchange for slower response times and occasional resource unavailability.
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