• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Investing

China halts Boeing jet deliveries amid rising US-China trade tensions, report says

by April 15, 2025
by April 15, 2025
Boeing 743, boeing share price

In a further escalation to the trade war with the US, China has instructed its airlines to suspend all further deliveries of Boeing aircraft and halt purchases of aircraft-related equipment and parts from US suppliers, Bloomberg reported citing people familiar with the matter.

The directive comes after US President Donald Trump imposed sweeping tariffs of up to 145% on Chinese imports, triggering swift retaliation from Beijing.

The move marks a significant blow for Boeing, whose commercial jet business remains deeply entangled with Chinese demand.

China’s latest retaliatory tariffs, unveiled over the weekend, include a 125% levy on American-made aircraft and parts, effectively doubling their cost and rendering new deliveries financially untenable for Chinese carriers.

Sources in the report said the Chinese government may also consider offering relief to domestic airlines leasing Boeing aircraft who now face sharply increased costs.

However, the overall message is clear: Boeing, once a key beneficiary of China’s aviation boom, is now firmly caught in the crossfire of geopolitical brinkmanship.

Boeing share price fell 2.64% in pre-market hours on Tuesday following the development.

Dozens of Boeing jets in limbo as deliveries stall

Around 10 Boeing 737 Max jets are reportedly awaiting delivery to Chinese airlines, including China Southern Airlines, Air China, and Xiamen Airlines, according to Aviation Flights Group data.

Some of these aircraft are stationed near Boeing’s Seattle plant, while others have reached the company’s Zhoushan finishing center in eastern China.

Industry sources suggest that a few of the planes may still be delivered, depending on whether payment and delivery paperwork were finalized before China’s tariffs took effect on April 12.

Source: Bloomberg

However, approvals are likely to be made on a case-by-case basis, with no guarantees.

Neither the Civil Aviation Administration of China nor Boeing responded to requests for comment. Chinese airlines involved in the pending deliveries also declined to respond.

Adding to Boeing’s woes, Juneyao Airlines recently delayed receipt of a Boeing 787-9 Dreamliner that was scheduled to arrive within weeks, another indication of shifting sentiment among Chinese carriers.

China’s long-term aviation strategy weighs on Boeing’s future

The standoff deepens concerns over Boeing’s long-term position in one of the world’s most critical aviation markets.

China accounts for about 20% of projected global aircraft demand over the next two decades. In 2018, nearly a quarter of Boeing’s deliveries were bound for China.

But recent years have seen a dramatic fall-off in new orders, driven by both geopolitical tensions and internal manufacturing issues.

China was the first country to ground the 737 Max after two fatal crashes in 2018 and 2019.

Trade tensions with both the Biden and Trump administrations further tilted purchasing decisions toward Boeing’s European rival, Airbus.

More recently, Boeing suffered another reputational hit when a door panel blew off a 737 Max mid-flight in January 2024.

Despite efforts to build a more self-sufficient aviation industry, China remains reliant on foreign suppliers for much of its fleet.

Airbus has taken a dominant role in new aircraft supply, while China’s own Comac C919 is still in its early stages of commercial deployment.

Nonetheless, many Chinese airlines operate large Boeing fleets that require continued maintenance and parts support—services that could now be in jeopardy.

The post China halts Boeing jet deliveries amid rising US-China trade tensions, report says appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Canada to launch world’s first Solana spot ETF on April 16: could SOL jump 40%?
next post
Google faces cease and desist in Japan over Android search monopoly concerns

Related Posts

GMS stock jumps 29% on takeover interest from...

June 20, 2025

Japan’s rice price surge: what’s driving it and...

June 20, 2025

Foxconn and Nvidia to deploy humanoid robots in...

June 20, 2025

US stocks climb higher at open: Dow jones...

June 20, 2025

Apollo backs £4.5bn loan for delayed Hinkley Point...

June 20, 2025

Audi weighs $4.6 billion US plant amid tariff...

June 20, 2025

Tesla stock gains ahead of robotaxi launch: analyst...

June 20, 2025

BofA raises STOXX 600 target amid resilient global...

June 20, 2025

XRP price stuck under $3: can it finally...

June 20, 2025

Elon Musk confirms Tesla Robotaxi pilot launching in...

June 20, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Interview: More couples embracing non-monogamy together, often led by women, says Ashley Madison’s Paul Keable

    June 22, 2025
  • Top 4 VOO ETF stocks to watch next week

    June 22, 2025
  • Is Pinterest stock a good buy as the golden cross pattern nears?

    June 22, 2025
  • Top catalysts for Dow Jones Index this week

    June 22, 2025
  • ‘Not constitutional’: Congress evokes new War Powers Resolution to reject Trump’s strikes on Iran

    June 22, 2025
  • Trump addresses nation on ‘spectacular military success’ of US strikes on Iranian nuclear facilities

    June 22, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 5

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 6

    Elon Musk says federal employees must fill out productivity reports or resign

    February 23, 2025
  • 7

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025

Categories

  • Economy (1,567)
  • Editor's Pick (164)
  • Investing (185)
  • Stock (1,015)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Alibaba shares surge 11% in Hong Kong...

February 21, 2025

Asian markets open: Nikkei, Hang Seng fall...

June 12, 2025

Dow jumps 384 points as jobs data...

May 3, 2025