China has ordered its airlines not to take any further deliveries of Boeing jets in response to the U.S. decision to impose 145% tariffs on Chinese goods, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Shares of Boeing - which looks at China as one of its biggest growth markets and where rival Airbus holds a dominant position - were down 3% in premarket trading.
Beijing has also asked that Chinese carriers halt purchases of aircraft-related equipment and parts from U.S. companies, the Bloomberg report said.
Aaaaand boom, Boeing is dead too
I mean, it ain’t dead yet but it’s making those gurgling gasping sounds and now China (you know, lots of people, huge market) will no longer buy American either.
It’s almost as if the most stable genius is fucking the US for fun