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Bond Market News
China Halts Boeing Jet Purchases Amid Trade Escalations
April 16, 2025
China halted the purchases of new Boeing jets and related US aircraft equipment purchases, in retaliation for escalating trade tensions with the US, following new tariffs imposed by US President Donald Trump. China’s move comes after it levied 125% tariffs on US goods, pushing total duties on American imports to 145%, effectively pricing-out Boeing planes from its market. Some aircrafts may still be delivered on a case-by-case basis if paperwork and payments were completed before the tariffs took effect on April 12. This has been considered a major setback for Boeing, which at one point used to send nearly a quarter of its output to China. Although the company has delivered a few jets to Chinese carriers in 2025, broader deliveries have stalled amid trade friction and past safety concerns regarding the 737 MAX. Chinese airlines are now said to be turning to Airbus and the domestic Comac C919. However, Boeing aircrafts still form a large part of their fleets and require ongoing maintenance. While Boeing faces losses in the short-term, some analysts believe China will remain a key market in the long run.
Boeing’s dollar bonds traded stable, with its 5.15% 2030s at 98.62, yielding 5.47%.
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