Boeing Slumps In Premarket As China Reportedly Moves To Halt Jet Deliveries

Core Viewpoint - Boeing's shares experienced a significant decline in premarket trading due to reports of the Chinese government halting deliveries of new aircraft from the company amid escalating trade tensions with the U.S. [1] Group 1: Impact on Boeing's Operations - The Chinese government has reportedly ordered airlines to stop taking deliveries of new Boeing jets as a retaliatory measure against U.S. tariffs on Chinese goods [1] - Chinese airlines have also been instructed to cease purchasing aircraft parts and other aviation-related equipment from Boeing [2] - The decision follows China's announcement of increased tariffs on U.S. imports to 125%, making purchases from Boeing financially burdensome [2] Group 2: Stock Market Reaction - Following the Bloomberg report, Boeing's stock fell as much as 4.5% in premarket trading, eventually recovering slightly to $153.94, marking a 3.35% decrease from the previous day's closing price [4] Group 3: Government Response - Although the Chinese government has not officially confirmed the delivery halt, it is reportedly considering measures to support airline operators that utilize Boeing's aircraft [3]