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.
It’s a private company and one that has ignored its workers and taken them for granted. On top of that, they can’t seem to make a product worth buying.