Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Business

Boeing CEO says China has stopped taking its aircraft amid trade war

by admin April 28, 2025
April 28, 2025
Boeing CEO says China has stopped taking its aircraft amid trade war

Boeing could hand over some of its aircraft that were destined for Chinese airlines to other carriers after China stopped taking deliveries of its planes amid a trade war with the United States.

“They have in fact stopped taking delivery of aircraft due to the tariff environment,” Boeing CEO Kelly Ortberg told CNBC’s “Squawk on the Street” on Wednesday.

Ortberg said that a few 737 Max planes that were in China set to be delivered to carriers there have been flown back to the U.S.

He said some jets that were intended for Chinese customers, as well as aircraft the company was planning to build for China later this year, could go to other customers.

“There’s plenty of customers out there looking for the Max aircraft,” Ortberg said. “We’re not going to wait too long. I’m not going to let this derail the recovery of our company.”

The CEO’s comments came after Boeing reported a narrower-than-expected loss for the first quarter and cash burn that came in better than analysts feared as airplane deliveries surged in the three months ended March 31.

President Donald Trump earlier this month issued sweeping tariffs on imports to the U.S. While he paused some of the highest rates, the trade war with China has only ramped up.

Trump said Tuesday that he’s open to taking a less confrontational approach to trade talks with China, calling the current 145% tariff on Chinese imports “very high.”

“It won’t be that high. … No, it won’t be anywhere near that high. It’ll come down substantially. But it won’t be zero,” Trump said.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Amazon and Nvidia say AI data center demand is not slowing down
next post
Silver Crown Royalties Announces Closing of Final Tranche of its Non-Brokered Private Placement

Related Posts

Why Ford believes its $1.9 billion shift in...

August 24, 2024

Here’s what has driven the Dow rally to...

May 18, 2024

JPMorgan Chase CEO Jamie Dimon on Trump tariffs: ‘Get...

January 23, 2025

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes...

September 3, 2025

Walgreens doubles down on prescription-filling robots to cut...

May 13, 2025

Zyn-maker Philip Morris announces $600 million Colorado facility...

July 18, 2024

KFC moves U.S. headquarters from Kentucky to Texas

February 20, 2025

Trump’s Argentina beef import plan will harm U.S....

October 24, 2025

From Chili’s to burger chains, here are the...

December 17, 2024

Netflix shares soar as company reports surging revenue,...

January 23, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Expert warns Democrats risk backlash over failure to condemn violent rhetoric in their ranks

      October 26, 2025
    • Here’s when 2025 Election Day early in-person voting comes to a close across the US

      October 26, 2025
    • Serbian foreign minister proposes hosting Ukraine-Russia peace negotiations amid ongoing conflict

      October 26, 2025
    • Trump tears down East Wing for $300M ballroom ahead of high-stakes China meeting

      October 26, 2025
    • Cuomo rips Mamdani’s victim narrative, says Dem socialist is ‘offender’ against 9/11 families, Jews and more

      October 26, 2025

    Categories

    • Business (1,125)
    • Investing (3,336)
    • Politics (4,072)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved