China on Tuesday directed its airlines not to order any deliveries from Boeing Co., after Beijing imposed a steep 125% retaliatory tariff on all US products over the weekend in response to Donald Trump's 145% levy on Chinese imports, escalating the trade war between the two nations.
Beijing has ordered the immediate stoppage of any purchases related to aircraft machinery and equipment from US companies, reported Bloomberg.
The Bloomberg report further states that the Chinese government is looking to provide impetus to domestic airlines that are renting Boeing planes to offset rising costs due to high tariffs.
Amid the trade war, Boeing parts and aircraft will cost China nearly double, stated the report.
US aircraft giant Boeing has been caught in the crossfire in the ongoing trade war between the world's two largest economies.
