More
    HomeAsian NewsChina halts Boeing deliveries as trade war with US intensifies

    China halts Boeing deliveries as trade war with US intensifies

    Published on

    China has ordered its airlines to halt all jet orders from American manufacturer Boeing in response to President Trump hitting the country with tariffs as high as 145% on Chinese goods, according to a report.

    Beijing has additionally told Chinese carriers to not purchase any aircraft-related equipment from American companies, Bloomberg News reported, citing people familiar with the matter.

    The order comes after China imposed a 125% tariff on American goods over the weekend, which on its own would have doubled the cost of US-made aircraft and parts, Bloomberg reported.

    A Boeing 737 MAX 8 airplane sits on the assembly line during a brief media tour of Boeing’s 737 assembly facility in Renton, Wash. AP

    Boeing shares dipped 3% in premarket trading Tuesday over the pause in shipments to China, which the company views as one of its biggest growth markets despite being dominated by rival Airbus.

    The Chinese government is looking at ways to provide assistance to airlines that lease Boeing jets and are facing higher maintenance costs, according to Bloomberg.

    The Post has reached out to Boeing for comment.

    Meanwhile, China earlier this month stopped shipping rare earth metals and magnets critical to US production of everything from cellphones to fighter jets as the back-and-forth trade war between the two countries rages on.

    China on April 3 stopped exporting seven heavy rare earth metals and magnets processed exclusively in the Asian powerhouse.

    President Trump holds a “Foreign Trade Barriers” document as he delivers remarks on tariffs in the Rose Garden at the White House on April 2, 2025. REUTERS
    The export halt applies to all countries, but access to elements like dysprosium and yttrium is critical to US industry. AP

    Roughly 90% of the world’s supply is synthesized on Beijing’s territory.

    The rare metals are “in everything” — especially in tech, electric vehicle, aircraft and defense sectors, according to Drew Horn, the top US official on strategic minerals and energy supply chain development in Trump’s first administration.

    “China,” Horn told The Post Monday, “has essentially created an all-powerful monopoly with them.”

    The export halt applies to all countries, but access to elements like dysprosium and yttrium is critical to US industry.

    Horn noted that China has the leverage “to basically cut us off and cut the world off, which essentially cuts us off through all sorts of different means.”

    Horn warned that safeguards are needed to shield potential American competitors and their customers from Chinese retaliation. He used Boeing as an example, warning that retaliatory actions by Beijing “would basically be to go through the entire Boeing supply chain, throughout their entire ecosystem, and basically cut them off.”

    With Post wires

    Source link

    Latest articles

    China is entering a golden age of innovation Asia Times

    This article is the second part of a commentary published by Guancha.cn. Hao Ping, which...

    Chinese factories flood TikTok with videos urging Americans to buy direct after Trump’s tariffs

    Your support helps us to tell the storyFrom reproductive rights to climate change to...

    Nikkei, Hang Seng to Kospi: Asian stock markets rise after tech stocks lead rally on Wall Street

    Asian markets advanced on Tuesday, tracking overnight gains on Wall Street, where technology stocks...

    Stock Market LIVE Updates: GIFT Nifty suggests a strong start; US, Asian markets gain

    Sensex Today | Stock Market LIVE Updates: US stocks ended higher on Monday, with...

    More like this

    Chinese factories flood TikTok with videos urging Americans to buy direct after Trump’s tariffs

    Your support helps us to tell the storyFrom reproductive rights to climate change to...

    Chinese students sue to restore U.S. immigration status

    NEW YORK -- Chinese students filed a lawsuit to the District Court in the...

    Rise of scam calls targeting the Chinese-American Community, posing as government officials

    RALEIGH, N.C. (WITN) - The Department of Justice is warning the Chinese-American community about...