By Heraldviews
China has directed its airlines to suspend deliveries of Boeing aircraft and halt purchases of U.S.-made aviation equipment, escalating trade tensions with Washington, according to people familiar with the matter.
The
move comes as the U.S. imposes tariffs of up to 145% on Chinese goods,
prompting Beijing to retaliate with its own levies. The restrictions deal a
fresh blow to Boeing, which has been struggling to recover from safety crises
and labor strikes in 2024.
China,
poised to become the world’s largest aviation market by 2043, was set to
receive about 10 Boeing 737 Max jets this year, data show. The suspension could
further widen Airbus’s lead in the crucial market.
Ryanair
CEO Michael O’Leary, whose airline is Boeing’s biggest customer, warned Tuesday
that carriers may delay orders if tariffs raise costs. “There will be a
significant debate over who pays—manufacturers or airlines,” he told the
Financial Times.
Boeing
shares have fallen roughly 7% this year.
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