China Can Hurt Boeing, but the U.S. Can Win an Aerospace Trade War—Heard on the Street
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China could score a short-term victory by hitting Boeing, America’s embattled plane maker, but it may also have a lot to lose. Boeing shares dropped around 2% Tuesday morning following reports that Chinese state airlines will stop taking deliveries of its jets and buying its parts in retaliation for Donald Trump’s tariff war. Boeing is bleeding money as it attempts to increase production and leave behind an era of quality control fiascoes.
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