Boeing could seriously suffer from US trade war with China

Beijing. March 16. Silkroadnews - The trade war between the US and China threatens serious problems for many American companies, with Boeing being the most vulnerable, CNN reports.
Boeing (BA) is the nation's single largest exporter, and China is a critical market for the company. The Chinese government has signaled that it would consider ordering Airbus planes instead of Boeing jets if the United States steps out of line on trade. This week the share price of the aviation giant has already fallen 2.5%, the report reads.
Last September, the company said it expects that China will spend almost $1.1 trillion over the next 20 years, buying more than 7,200 new aircraft. Nearly 20% of the global demand for new aircraft will come from airlines based in China. In November, Boeing announced that it was selling 300 aircraft to China for $37 billion. The agreement was signed with a state holding company that buys aircraft for state carriers such as Air China and China Southern Airlines.
Boeing is also currently building a facility in China where it will install interiors on single-aisle 737 jetliners, the report reads.
If China really cooperates with Boeing as a response to the U.S.-led trade war, it could hit the US economy. Civilian airplanes are the largest U.S. export to China, according to Chinese customs data collected by Panjiva, a global trading research firm.
Currently, Boeing and Airbus each have about a half of the market share in China, in the future China could give the majority of its orders to Airbus.