China has ordered its airlines not to take other deliveries of Boeing Co. As part of the Tit-For-Tat trade war that saw US President Donald Trump Levy Tariffaire 145% on Chinese products.
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Boeing could hand over some of its aircraft for Chinese airlines to other carriers after China has stopped taking deliveries of its planes in the midst of a trade war with the United States.
“They actually stopped taking aircraft delivery due to the pricing environment,” Boeing CEO Kelly Ortberg said in CNBC on Wednesday.
Ortberg said some 737 maximum planes in China who were to be delivered to carriers, there have been planes for the United States
He said that jets that were intended for Chinese customers, as well as planes that the company planned to build for China later this year, could go to other customers.
“There are a lot of customers looking for the maximum plane,” said Ortberg. “We are not going to wait too long. I will not let it derail the resumption of our company.”
CEO’s comments occurred after Boeing reported a narrower loss than expected for the first quarter and cash burns that gathered better than analysts only feared it the airplane deliveries jumped within three months closed on March 31.
Kelly Ortberg, CEO of Boeing, speaking on the Squawk box of CNBC on January 28, 2025.
CNBC
President Donald Trump earlier this month issued refined prices on imports in the United States while interrupting some of the highest rates, the trade war with China only raised.
Trump said on Tuesday that it was open to adopting a less conflicting approach to commercial discussions with China, qualifying the current rate of 145% of “very high” Chinese imports.
“It will not be so high. … No, it will not be close to this top. It will drop considerably. But it will not be zero,” said Trump.