Boeing Trades Nearly 1% Lower as China Imposes Symbolic Sanctions On Airplane Maker And Other US Defense Firms Over Taiwan Arms Sales
Portfolio Pulse from Benzinga Neuro
China has imposed symbolic sanctions on Boeing Co. and other U.S. defense firms over arms sales to Taiwan. The sanctions are expected to have minimal impact on these companies as they do not conduct significant business in China.
May 20, 2024 | 10:09 am
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China has imposed sanctions on Boeing Co. for its involvement in arms sales to Taiwan. The sanctions are largely symbolic and are expected to have minimal impact on Boeing as it does not conduct significant business in China.
The sanctions are symbolic and Boeing does not have significant business operations in China, thus the impact on its stock price is expected to be minimal.
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