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Boeing takes a big hit from Trump tariffs

Boeing takes a big hit from Trump tariffs

Last week China’s government asked Chinese airlines to pause purchases of aircraft-related equipment and parts from American companies like Boeing. China holds about 20% of the expected global demand for aircraft over the next two decades. President Donald Trump this month raised baseline tariffs on Chinese imports to 145%. In retaliation, China imposed a 125% tariff on US goods.
On Sunday a Boeing 737 Max jet intended for a China’s Xiamen Airlines landed back at the plane maker’s U.S. production hub. The plane was one of several 737 MAX jets–Boeing’s bestselling model–that had been waiting at Boeing’s Zhoushan completion centre for final work and delivery. Boeing’s order book had 130 planes scheduled for delivery to Chinese companies at the end of March for both commercial airlines and leasing firms, Airways Mag reports.

Saturday Night Quarterback Part 2, on a Sunday says, For the week ahead expect…

Saturday Night Quarterback Part 2, on a Sunday says, For the week ahead expect…

This week its earnings, earnings, and earnings. From the tech giants and more. This week, we’ll discover three things. First, are tech company earnings as good as the market clearly expects. I think that with the exception of Apple (AAPL) and Tesla (TSLA) the answer will be Yes. Second, how much of this good news is already priced into the recent rally. These stocks could retreat even on news that’s as good as expected. An advance will, I think, require a surprise or two. And, third, how worried is Wall Street really, given the recent boom in all things AI, about capital spending at the big AI companies and falling profit margins.