China's Juneyao Airlines Co. is delaying the delivery of a Boeing Co. widebody aircraft due to President Donald Trump’s tariffs on China and Beijing's retaliatory tariffs on US-made goods.
The delivery delay is a result of the escalating trade war between Washington and Beijing, driving up the price of big-ticket goods.
Boeing shares fell as much as 2.3% in response to the news of the delivery delay.
Juneyao's postponement risks delaying its international expansion plan and additional routes relying on deliveries of long-range Boeing aircraft.