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Boeing Faces Chinese Rejection of Aircraft as Trade Tensions Persist

China formally returns Boeing planes and halts new orders, while the company reports smaller-than-expected losses and rising revenues.

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Boeing 737-Flugzeugrümpfe stehen im Boeing-Werk in Renton im US-Bundesstaat Washington
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Overview

  • China has refused to accept new Boeing aircraft and returned previously delivered planes, citing ongoing trade disputes with the United States.
  • Boeing CEO Kelly Ortberg confirmed the developments and announced plans to seek alternative buyers for the returned planes.
  • The US-China trade conflict has escalated with tariffs of 145% on Chinese imports and 125% counter-tariffs, though President Trump has hinted at potential tariff reductions.
  • Boeing reported a first-quarter net loss of $123 million, which was smaller than analysts expected, alongside an 18% year-over-year revenue increase to $19.5 billion.
  • Boeing shares rose over 6% on Wall Street, driven by optimism over trade resolution prospects and the company’s financial performance.