Boeing rattled by China embargo, but Irish hit might be harder for company to stomach

Shares of Boeing fell 2.2% after the market opened, after initially dropping as much as 4.6%.

PUBLISHED APR 15, 2025

At least 182 Boeing jets are slated for delivery to Chinese airlines.

Seattle: Boeing stock dipped Tuesday following reports that Chinese airlines have been instructed to halt deliveries of US-made aircraft and related parts. According to Bloomberg, the Chinese government ordered its carriers to stop accepting new Boeing planes and cease purchasing American aircraft equipment.

Shares of Boeing fell 2.2% after the market opened, after initially dropping as much as 4.6% in premarket trading. The Seattle-based manufacturer is directly caught in the crossfire of retaliatory tariffs between the two nations, which have risen to as high as 145% on Chinese goods entering the US, and up to 125% on American exports into China.

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At least 182 Boeing jets are slated for delivery to Chinese airlines. If the delivery paperwork was completed before China's new tariffs took effect on April 12, those aircraft may still be cleared for service on a case-by-case basis.

The impact isn’t limited to China. Ryanair CEO Michael O’Leary warned that the airline may delay delivery of 25 new Boeing jets due to Trump-era tariffs, stating he won’t accept higher prices on planes expected in 2026. Similarly, Delta Airlines CEO Ed Bastian said he will not pay tariffs on incoming Airbus aircraft. Ryanair operates 587 Boeing aircraft, with 334 on order. Delta operates 498 Airbus aircraft with 347 on order.