The Boeing Company's stock dropped more than 4% on Tuesday following reports that China directed its airlines to suspend new Boeing aircraft deliveries, intensifying commercial disputes after the United States implemented tariffs reaching 145% on Chinese products.
Namely, Chinese authorities also instructed domestic airlines to stop acquiring aviation equipment and components from American manufacturers.
Boeing's shares fell by 4.51% at 4:01 am ET to sell at $152.00 apiece.
