Tourexpi
Tariff war takes toll on Boeing as China halts imports of jets
China
has requested its airlines to stop imports from the American aircraft
manufacturer Boeing amid the tariff war between the world's biggest two
economies, according to a media report on Tuesday.
Bloomberg
reported, citing people familiar with the matter, that Beijing has requested
airlines to halt any further deliveries from Boeing and asked the Chinese
airlines to stop any purchases of aircraft equipment and parts from the US
companies.
Beijing
is also mulling over the measures to take to aid the airlines that utilize
Boeing jets, the report said.
The
China-US trade war escalated as Beijing's 125% tariffs on imports from
Washington officially took effect early Saturday, following the Trump
administration raising tariffs to 145% on Chinese imports.
However,
Beijing has said it will no longer raise tariffs even if the US takes further
steps.
The
tariff war initiated by US President Donald Trump has rocked global markets.
Tension
further escalated between the two major powers following Trump's decision to
pause tariffs on all countries for 90 days, except China. (AA)
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