China suspends Boeing jet deliveries amid escalating US-China trade tensions
text_fieldsChina has ordered its airlines to cease accepting deliveries of Boeing aircraft as tensions between Beijing and Washington continue to escalate.
This move comes amid an ongoing trade war between the two largest economies in the world, which has intensified since U.S. President Donald Trump assumed office in January.
The U.S. has imposed heavy tariffs of up to 145% on Chinese imports, while China has retaliated with its own tariffs, imposing duties as high as 125% on U.S. goods. This back-and-forth has fueled a growing sense of economic discord between the two nations.
Bloomberg News reported that, in addition to halting Boeing aircraft deliveries, China has also instructed its airlines to suspend purchases of aircraft parts and related equipment from U.S. suppliers. This decision is expected to increase the cost of acquiring planes and components for Chinese carriers, already impacted by the high tariffs imposed by both sides.
Sources suggest that the Chinese government is considering providing assistance to airlines that lease Boeing planes in order to alleviate the financial strain caused by these higher costs. Meanwhile, U.S. officials recently exempted certain high-tech goods, such as smartphones and semiconductors, from the latest round of tariffs against China, though this offer did not include immediate relief for Boeing.
The ongoing trade war has had far-reaching effects, not only disrupting markets but also straining international diplomatic relations. While Trump recently froze further tariff increases, no immediate relief has been granted to China.