Boeing Stumbles as China Halts Jet Deliveries amid Trade War Escalation

China has issued a directive to its airlines, halting deliveries of Boeing aircraft in response to escalating trade tensions between the two countries. This follows U.S. tariffs of up to 145% on Chinese goods. As retaliation, China has levied a 125% tariff on American products, including aircraft, significantly hindering the financial viability for Chinese airlines to proceed with deliveries. The Chinese government is now exploring support measures for airlines currently leasing Boeing jets, as the ongoing dispute threatens to disrupt supply chains. This development adds another challenge for Boeing in a market already facing difficulties due to previous trade tensions and quality concerns. Meanwhile, Airbus appears poised to benefit from this shift in dynamics.