Chinese airlines have been instructed to stop purchasing Boeing aircraft due to the ongoing trade war between China and the United States. President Donald Trump imposed tariffs on Chinese goods up to 145%. In response, Beijing announced tariffs of 125% on US goods, which would double the cost of Boeing aircraft and parts.
About ten Boeing 737 Max models are ready to enter Chinese fleets, including China Southern Airlines Co., Air China Ltd., and Xiamen Airlines Co. Some of these planes are at Boeing's factory in Seattle or at the finishing center in Zhou Shan.
Boeing's stock fell by 4.6% following this Bloomberg report. By Monday, the company’s shares had decreased by 10% year-over-year.