China Halts Boeing Jet Deliveries Amid Trade War

China has ordered its airlines to halt all deliveries of Boeing jets and suspend purchases of aircraft-related equipment from U.S. companies, marking a significant escalation in the ongoing trade war with the United States. This move is a response to the U.S. imposing tariffs of up to 145% on Chinese goods, prompting China to retaliate with its own tariffs of 125% on U.S. imports. The Chinese government is also exploring ways to support airlines that lease Boeing jets, which are now facing increased costs due to the tariffs. The trade tensions have led to concerns for Boeing as it competes with Airbus and other manufacturers, and its stock has suffered amid worries over the impact of these tariffs. The situation underscores the volatility in global markets as both nations navigate this complex trade relationship. Analysts suggest that this could lead to a shift in preference towards alternatives from Airbus or local manufacturers like Comac.