Boeing Faces Setback as China Suspends Aircraft Deliveries

In a significant move that underscores the escalating trade tensions between the United States and China, Boeing's stock plummeted by 4.5% following China's directive to its airlines to suspend new aircraft deliveries from the American aerospace giant.

Trade Disputes Take a Toll on Aviation Sector

The decision comes in the wake of the United States imposing steep tariffs of up to 145% on Chinese products, prompting Beijing to retaliate by halting the procurement of aviation equipment and components from U.S. manufacturers.

At 4:01 am ET, Boeing's shares were trading at $152.00, marking a sharp decline as investors reacted to the news.