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

Federal judge overturns $4.7 billion jury verdict in...

August 3, 2024

Business is good in ‘Vacationland.’ It would be...

August 6, 2024

Intel shares plunge 28%, dragging down global chip...

August 3, 2024

Malls are using new restaurants to draw consumers...

December 20, 2024

Target will stop accepting personal checks

July 9, 2024

Tariffs and weaker beer demand are weighing on...

July 4, 2025

McDonald’s $5 value meal is coming in June...

May 17, 2024

Netflix maintained its 2025 guidance. That may not...

April 21, 2025

Fed Governor Christopher Waller sees central bank ‘getting...

July 18, 2024

Nordstrom to go private in $6.25 billion deal...

December 25, 2024

    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

    • Trump warns of ‘massive bloodshed’ if Hamas fails to agree to peace deal: ‘MOVE FAST’

      October 6, 2025
    • Self-described ‘unapologetic supporter of Israel’ John Fetterman weighs in as Trump seeks to broker peace deal

      October 6, 2025
    • More lawmakers say they’re rejecting paychecks as government shutdown drags on

      October 6, 2025
    • Boundiali indicated gold resources grows by 53% in two month

      October 6, 2025
    • Platinum Price Pushes Past US$1,600 to Fresh 12 Year High

      October 6, 2025

    Categories

    • Business (1,115)
    • Investing (3,188)
    • Politics (3,890)
    • 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