China has ordered its airlines not to take more deliveries from Boeing Co. aircraft as part of the Tit-For-OT commercial war that has seen Donald Trump’s collection collection tariffs of such a high axis 145% in Chinese products.
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Boeing He could deliver some of his aircraft destined to Chinese airlines to other carriers after China stopped taking deliveries from their planes in the middle of a commercial war with the United States.
“In fact, they have ceased to be Pedal or aircraft due to the tariff environment,” said Boeing CEO, Kelly Ortberg, “Squawk on the street” from CNBC.
Ortberg said that a few 737 Max aircraft that were in China were delivered to carriers there have been transferred back to the United States.
He said that some airplanes for Chinese customers, as well as the planes that the company planned to build for China at the end of this year, could go to other customers.
“There are many customers looking for the Max plane,” said Ortberg. “We are not going to wait too long. I will not let this recover the recovery of our company.”
CEO’s comments occurred after Boeing reported a loss of Nuisrow-Hhan for the first quarter and cash burns that came better than feared analysts as aircraft deliveries increased in the three months ended on March 31.
Kelly Ortberg, CEO of Boeing, speaking in the CNBC Squawk box on January 28, 2025.
CNBC
President Donald Trump, earlier this month, issued radical tariffs on imports to the US. While stopped some of the highest rates, the commercial war with China has only increased.
Trump said Tuesday that he is open to adopting a less conflicting approach to commercial conversations with China, calling the current 145% rate about “very high” Chinese imports.
“It will make it so high … no, it will not be close to that high. It will go down substantial. But it will be zero,” Trump said.