Trump fired a tariff torpedo at China — and hit Boeing right between the eyes [Los Angeles Times (CA)]
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Source: Los Angeles Times
But the latest skirmish between Trump and China has painted a target on this nation's most important manufacturing exporter: Boeing Co. On Tuesday, news emerged that Chinese authorities have ordered the country's airlines not to place new orders for Boeing aircraft and to get approval from the government before taking delivery of planes already ordered. The size of the blow China struck against Boeing is hard to measure, especially in the short term. Industry analysts calculate China's orders to amount to 5% to 6% of the company's overall international order book. But Boeing is the biggest exporter in the U.S., and about 80% of its production goes overseas. That makes Boeing especially vulnerable to all the chaos created by Trump's tariff war. Earlier this week, Michael O'Leary, the chief executive of the Ireland-based low-cost airline Ryanair, said the tariffs might prompt his company to defer taking delivery of 25 Boeing airliners until sometime next year, instead of in Augus
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