Boeing shares slump in premarket trading after China halts jet deliveries

Boeing’s shares plummeted as China instructed its airlines to halt deliveries of Boeing jets amidst escalating trade tensions with the US, triggered by tariff impositions from both sides. This action significantly disadvantages Boeing in a crucial market, potentially doubling aircraft costs for Chinese buyers. Ryanair also cautioned about possible delays in Boeing deliveries due to tariff-related cost increases.