Boeing 737 Max woes make it prime target for China's trade-war retaliations

Boeing is the US' biggest exporter and something of a national treasure

Boeing Co’s 737 Max woes make it a prime target for China’s trade-war retaliations. 

China, responding to increased tariffs imposed by the US last week, said Monday that it will boost levies on nearly 2,500 American products to 25 per cent, while several thousand other items will be subject to taxes ranging from 5 per cent to 20 per cent. Soon after, Hu Xijin, the editor-in-chief of China’s Global Times, tweeted that China also may stop purchasing US agricultural and energy products, explore dumping US Treasuries and reduce orders for Boeing jets, in what would mark a more painful escalation of tensions.

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