Beijing is going after Boeing, the U.S.'s biggest exporter.
But China may have more to lose.
This really doesn't seem like an industry where China has a lot to gain by confronting the U.S.
Rather the opposite.
It's one of those few areas where the U.S.
has quite a lot of leverage.
Plus, inside the little-known government task force taking on U.S.
universities.
And big bank earnings show American consumers remain resilient.
It's Tuesday, April 15th.
I'm Alex Osela for The Wall Street Journal.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
The latest company to get caught up in the escalating trade war between the U.S.
and China?
Boeing, America's biggest exporter.
Beijing has told Chinese airlines not to place new orders for Boeing jets and is requiring carriers to seek approval before taking delivery of aircraft they have already ordered.
That's according to people with knowledge of the Chinese regulator's guidance.
WSJ heard on the street columnist John Cindreou joins me now.
John, Boeing is coming off a rough couple of years here.
How big a hit is this to its business?