Boeing’s CEO, Kelly Ortberg, confirmed that China has ceased accepting new aircraft due to the ongoing US-China trade tensions. This revelation came as Boeing’s shares surged following a smaller-than-expected loss. In a CNBC interview, Ortberg stated that Chinese customers have ‘stopped taking delivery of aircraft due to the tariff environment.’ If this halt persists, Boeing will soon market these jets to other airlines. President Donald Trump’s trade disputes with China and other nations pose uncertainties for Boeing, despite solid financial results. Ortberg mentioned that Boeing had planned to deliver approximately 50 aircraft to China in 2025 but would not ‘wait too long’ before redirecting these planes to other customers. Ortberg emphasized that Boeing aims to ensure its recovery is not derailed by these geopolitical issues. The company remains optimistic about resolving trade conflicts, although Treasury Secretary Scott Bessent noted that Washington is ‘not yet’ engaging with Beijing on tariffs. Boeing reported a first-quarter loss of $123 million, significantly lower than the $343 million loss from the previous year. Revenues increased by 18% to $19.5 billion. The company plans to boost commercial plane production while focusing on safety improvements following recent incidents. — new from Hong Kong Free Press