The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Business

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

by admin April 24, 2025
April 24, 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
Google forcing some remote workers to come back 3 days a week or lose their jobs
next post
Starbucks imposes new limits on what baristas can wear under their green aprons

Related Posts

Alaska Airlines to buy Hawaiian Airlines in $1.9...

December 5, 2023

Bank of England holds rates, stresses June cut...

May 11, 2024

Donald Trump set to receive $1.25 billion worth...

April 24, 2024

Broadband industry quietly abandons Capitol Hill fight to...

September 11, 2024

Disney debuts its latest cruise ship, Treasure, as...

November 21, 2024

Macy’s says employee hid up to $154 million...

November 26, 2024

Extreme heat makes flying harder. Airlines and airports...

July 30, 2024

Fortnite applies to launch on Apple’s App Store...

May 12, 2025

Household savings are thinning. Here’s how to put...

July 23, 2024

What’s the secret of their success? Summer camp

August 26, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


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

    Categories

    • Business (1,550)
    • Investing (4,201)
    • Politics (5,579)
    • World (4,762)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.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 © 2024 TheInvestmentWhisperer.com | All Rights Reserved