has told its airlines to halt deliveries of jets from US planemaker and to suspend their purchase of equipment and parts from US companies in general, a report by financial news outlet Bloomberg said on Tuesday.
The instructions from Beijing come as the world’s two biggest economies impose tit-for-tat trade levies on each other in an .
Bloomberg said the Chinese government was also considering helping airlines that lease Boeing jets and are now facing higher costs.
Such a move could prompt Chinese airlines to consider alternatives from Europe’s Airbus and .
Beijing slams ‘bullying’ from Washington
China has reacted to the tariffs of on Chinese imports by slapping , calling the moves by Washington of “bullying.”
The Chinese tariffs on US imports would likely have caused the cost of bringing in aircraft and components to rise considerably.
Since US President took office in January, he has unleashed a on foes and allies alike.
Last week, he on most countries shortly after imposing them but .
World markets have been in turmoil as investors seek to come to terms with what seem to many like whimsical US trade policies with no sound economic basis.
Edited by: Zac Crellin
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