5/13/2019, 2:42 PM (Source: TeleTrader)
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Boeing shares plunge premarket on China tariffs announcement

Shares of American Aircraft manufacturing giant Boeing plunged almost 4% on Monday as trade war between the world's two biggest economies escalated. According to certain reports, Beijing may stop buying agricultural products and energy from the US, as well as restrict United States trade service with China and reduce Boeing orders.

China also said it would raise tariffs on $60 billion of United States goods up to 25% starting June 1.

Boeing shares were down 3.52% during premarket trade on Wall Street at 8:41 am ET.

Breaking the News / BM