China Halts Boeing Orders, But Did Anyone Notice, Or Care?

Today China cancelled all jet orders from American manufacturer Boeing in response to President Trump hitting the country with tariffs as high as 145% on Chinese goods. China will also no longer purchase any aircraft-related equipment from American companies.

But does it matter for Boeing? Or for the United States trade deficit?

Financial sources we talked to on ‘the street’ say there will likely not be a large impact. For one, this is an easy choice as the Chinese economy is slowing rapidly under the tariffs, and from its overall ‘Ponzi scheme’ nature, which has to keep large numbers of Chinese employed shipping goods overseas. This demand has taken a huge hit from the Trump administration’s actions.

This slowdown will effect demand for aircraft and parts which would have hit Boeing to a small extent anyway, as a slowing economy needs less air travel.