Boeing Tumbles as China Targets Aircraft in Trade War With Trump


Boeing Co. fell victim to China’s escalating trade war with President Donald Trump as the biggest U.S. exporter faces a proposed 25 percent tariff on American-made aircraft.

In a tit-for-tat response to Trump, China announced the planned levy on aircraft in a weight range that would include some variants of Boeing’s 737 jets. Single-aisle planes, dominated by the 737 and Airbus SE’s A320 family, are likely to account for three quarters of the global market over the next two decades, according to Boeing estimates. The shares dropped as much as 5.7 percent, the most intraday in two months.



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