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China may be reducing the number of aircraft ordered at Boeing as revenge for
the US government scaling up import tariffs. As a result, the Boeing share
fell in value shortly after the stock market opening by almost 3 percent.
 
In addition to canceling orders with Boeing, it is also an option not to
import agricultural products and energy from the US anymore. Hu Xijin, editor
in chief of the Chinese newspaper Global Times, tweeted that on Monday. He is
seen as the mouthpiece of the Communist Party.
 
China decided earlier today to raise import tariffs on US $ 60 billion. That
was a reaction to the decision of the US government last Friday to tax $ 200
billion in Chinese goods.
 
The two countries seemed to be close to a trade agreement for a long time, but
negotiations broke off last week. According to the Americans, China would not
make enough concessions to reduce the trade deficit with the US.
 
If China actually decides to punish Boeing for Trump's policy, then the
aircraft manufacturer has a big problem. The Asian country accounts for 15
percent of global aviation and has hundreds of orders placed with Boeing.

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