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Boeing's an Early Casualty After Investors Dig in for Trade War

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Is Boeing Caught in Trade War Crosshairs?

The steep erosion in Boeing Co. shares this week are reflecting a broader angst as investors turn their attention to President Donald Trump’s trade policy.

Investors are bracing for potential retaliation from countries like China as Trump considers levying tariffs on its exports to the U.S., and many are concerned Boeing could be at the forefront of this trade war. The link between Boeing and the market has strengthened over the past month, according to data compiled by Bloomberg. At 0.7, the measure of its correlation to the S&P 500 over 22 days has strengthened steadily since August, when the data showed a negative correlation.