China has reportedly ordered its airlines to halt any further deliveries of Boeing jets, escalating the trade war with the US. This decision follows China's announcement of retaliatory tariffs of 125% on US goods.

Here's a breakdown of the key points:

* China's Order: Chinese airlines have been instructed not to accept any more Boeing aircraft deliveries. They are also asked to stop purchasing aircraft-related equipment and parts from US companies.

* Retaliatory Tariffs: This move is in response to the US imposing tariffs on Chinese goods, which now stand as high as 145% for some products. China's 125% tariff on US goods, including aircraft equipment, makes Boeing jets significantly more expensive for Chinese carriers.

* Impact on Boeing: This is a serious blow to Boeing, as China is a crucial market expected to account for 20% of global aircraft demand in the next two decades. Shares of Boeing have already fallen due to concerns about trade tariffs and other issues.

* Impact on Chinese Airlines: The increased cost of Boeing jets due to tariffs could prompt Chinese airlines to consider alternatives like Airbus and domestic manufacturer COMAC. The Chinese government is reportedly considering ways to support airlines leasing Boeing jets who face higher costs.

* Possible Exceptions: Some Boeing 737 Max jets that were in the process of delivery, with paperwork and payments potentially completed before the new tariffs took effect, might still be allowed into China.

* Ryanair's Stance: Michael O’Leary, the CEO of Ryanair, indicated that the airline might delay taking deliveries of Boeing aircraft if they become more expensive due to tariffs.

* Wider Economic Implications: The escalating trade war is causing uncertainty in the stock market and raising concerns about the impact of tariffs on various sectors, including technology and automotive.

In summary, China's order to halt Boeing deliveries is a significant development in the US-China trade war, posing a considerable challenge to Boeing and potentially reshaping the landscape of the aviation market in China.