Boeing has a $1 billion China problem — and a fix

Group 1 - Boeing is facing challenges due to the US-China trade war, with approximately 50 planes worth over $1 billion in revenue that cannot be delivered to Chinese customers due to tariffs [1][2] - China constitutes 10% of Boeing's commercial backlog, prompting the company to seek alternative markets with more stable demand [1][3] - Boeing reported a first-quarter revenue of $19.5 billion, an 18% increase from the previous year, and narrowed its losses to $31 million [3] Group 2 - Chinese airlines have returned two completed planes to the US, with plans for a third return, while other customers are interested in taking over delivery slots due to previous delays [2] - Boeing executives are actively engaging with the US administration regarding tariffs and their potential impact on trade, emphasizing the significance of aircraft in the trade surplus [6][7] - The company estimates that higher tariffs could result in an annual cost of $500 million, despite most of its supply chain being based in the US and having tariff exemptions for imports from Mexico and Canada [8]