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David Fickling

Boeing Flies Toward a Trump Trade War

There's no U.S. firm more at risk from trade retaliation.
Photographer: :AzmanL/Getty Images

If there's a poster child for the tonic the current U.S. government has delivered to the country's corporate sector, it's Boeing Co.

Fueled by Chief Executive Officer Dennis Muilenburg's cozy relationship with President Donald Trump, orders for Super Hornet fighter jets and corporate tax cuts, its 146 percent share-price increase since election day in 2016 has outpaced every other company on the Dow Jones Industrial Average.

Thursday's 3.5 percent fall after Trump tweeted out plans to impose tariffs on metal imports should be a warning sign that, beyond the current clear skies, a storm is building.