Article originally appeared on www.zerohedge.com.
Days after Juneyao Airlines postponed the delivery of a widebody jet from Boeing, Beijing has escalated its trade war response—quietly ordering all Chinese carriers to suspend further Boeing deliveries, according to Bloomberg, citing people familiar with the situation. The move marks a broadening of non-tariff retaliation amid a deepening tit-for-tar trade war between the U.S. and China.
Here’s more color from the report:
China has ordered its airlines not to take any further deliveries of Boeing Co., according to people familiar with the matter. . . .
Beijing has also asked that Chinese carriers halt any purchases of aircraft-related equipment and parts from U.S. companies, the people said, asking not to be identified discussing matters that are private. The order came after China unveiled retaliatory tariffs of 125% on American goods this past weekend, the people said. . . . The Chinese government …
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