Chinese Airline Delays Boeing Jet Delivery as Tariffs Surge
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China’s Juneyao Airlines Co. is delaying delivery of a Boeing Co. widebody aircraft, according to people familiar with the matter, highlighting how the escalating trade war between Washington and Beijing is driving up the price of big-ticket goods.
Juneyao was due to take delivery of the 787-9 Dreamliner, valued at about $120 million, from the US planemaker in about three weeks but will now hold off due to President Donald Trump’s tariffs on China, said the people, asking not to be identified discussing information that’s private. Beijing has instituted retaliatory tariffs on US-made goods.