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| China reportedly orders its airlines to halt Boeing jet deliveries amid US trade war | China reportedly orders its airlines to halt Boeing jet deliveries amid US trade war |
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| Carriers also asked to stop purchases of aircraft-related equipment and parts from US firms, report says | Carriers also asked to stop purchases of aircraft-related equipment and parts from US firms, report says |
| China has reportedly ordered its airlines not to take any further deliveries of Boeing jets, the latest move in its tit-for-tat trade war with the US. | China has reportedly ordered its airlines not to take any further deliveries of Boeing jets, the latest move in its tit-for-tat trade war with the US. |
| The Chinese government has asked carriers to stop purchases of aircraft-related equipment and parts from American companies, according to a report from Bloomberg, which cited people familiar with the matter. | The Chinese government has asked carriers to stop purchases of aircraft-related equipment and parts from American companies, according to a report from Bloomberg, which cited people familiar with the matter. |
| The order from Beijing reportedly came after it announced retaliatory tariffs of 125% on US goods over the weekend. | |
| Beijing is considering ways to support airlines that lease Boeing jets and are facing higher costs, according to the report. | Beijing is considering ways to support airlines that lease Boeing jets and are facing higher costs, according to the report. |
| About 10 Boeing 737 Max jets are being prepared to join Chinese airlines, and if delivery paperwork and payment on some of them was completed before Chinese ”reciprocal” tariffs came into effect, the planes may be allowed to enter the country, people close to the matter told Bloomberg News. | About 10 Boeing 737 Max jets are being prepared to join Chinese airlines, and if delivery paperwork and payment on some of them was completed before Chinese ”reciprocal” tariffs came into effect, the planes may be allowed to enter the country, people close to the matter told Bloomberg News. |
| The restriction marks a serious blow for Boeing and other manufacturers trying to navigate the escalating trade war between the two biggest economies. | The restriction marks a serious blow for Boeing and other manufacturers trying to navigate the escalating trade war between the two biggest economies. |
| The group chief executive of the budget airline Ryanair, Michael O’Leary, has said his company could delay taking deliveries of Boeing aircraft if they become more expensive. | |
| O’Leary told the Financial Times that Ryanair was due to receive a further 25 aircraft from Boeing from August but would not need the planes until around March or April 2026. | O’Leary told the Financial Times that Ryanair was due to receive a further 25 aircraft from Boeing from August but would not need the planes until around March or April 2026. |
| “We might delay them and hope that common sense will prevail,” he told the FT. | “We might delay them and hope that common sense will prevail,” he told the FT. |
| Shares in Boeing have been buffeted by worries about the impact of trade tariffs, as well as complaints from some shareholders that the company has underinvested in its engineering. | Shares in Boeing have been buffeted by worries about the impact of trade tariffs, as well as complaints from some shareholders that the company has underinvested in its engineering. |
| The company has lost 7% of its market value since the start of the year, and in March its chief financial officer, Brian West, said tariffs could hit availability of parts from its suppliers. | The company has lost 7% of its market value since the start of the year, and in March its chief financial officer, Brian West, said tariffs could hit availability of parts from its suppliers. |
| The chaotic introduction of Donald Trump’s tariffs has triggered volatility in the stock market since 2 April, although there was a tentative recovery this week after the US president suggested he would suspend planned tariffs on imports of smartphones and laptops. | |
| The S&P 500, the American blue-chip index of stocks, ticked up by 0.8% on Monday but was still down about 8% so far this year. | The S&P 500, the American blue-chip index of stocks, ticked up by 0.8% on Monday but was still down about 8% so far this year. |
| There remains a great deal of uncertainty around possible tariffs on computer chips and pharmaceutical imports, with the Trump administration initiating an investigation into the impact of trade in these areas on American national security. Meanwhile, the chip designer Nvidia has announced it will build up to $500bn (£378bn) worth of artificial intelligence infrastructure in the US over the next four years. | |
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| In Asia, Japan’s Nikkei index rose by 0.8% on Tuesday and South Korea’s Kospi by 0.9%, with strong gains for carmakers such as Honda, Suzuki and Hyundai, after Trump signalled there would be help for the industry. | In Asia, Japan’s Nikkei index rose by 0.8% on Tuesday and South Korea’s Kospi by 0.9%, with strong gains for carmakers such as Honda, Suzuki and Hyundai, after Trump signalled there would be help for the industry. |
| On Monday the president told reporters in Washington he was “looking at something to help some of the car companies”, and added that carmakers “need a little bit of time” before they can start to build parts in the US rather than in countries such as Canada and Mexico. | On Monday the president told reporters in Washington he was “looking at something to help some of the car companies”, and added that carmakers “need a little bit of time” before they can start to build parts in the US rather than in countries such as Canada and Mexico. |
| The US administration previously announced a 25% tariff on all imports of foreign cars, excluding some exemptions for Mexico and Canada. Analysts at the advisory firm Telemetry predicted the move could result in 1.8m fewer car sales in the US and Canada this year. | The US administration previously announced a 25% tariff on all imports of foreign cars, excluding some exemptions for Mexico and Canada. Analysts at the advisory firm Telemetry predicted the move could result in 1.8m fewer car sales in the US and Canada this year. |
| Shares also rose in Europe, with London’s benchmark FTSE 100 index and the more domestic-focused FTSE 250 rising by 0.8% and 1% respectively after optimistic comments from the US vice-president, JD Vance, about a possible trade deal with the UK. In an interview on Tuesday with the website Unherd, Vance said he believed both sides could come to a mutually beneficial agreement. | |
| “We’re certainly working very hard with Keir Starmer’s government” on a trade deal, he said. | “We’re certainly working very hard with Keir Starmer’s government” on a trade deal, he said. |
| “There’s a real cultural affinity. And, of course, fundamentally, America is an Anglo country. I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.” | “There’s a real cultural affinity. And, of course, fundamentally, America is an Anglo country. I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.” |
| Boeing was approached for comment. | Boeing was approached for comment. |