President Donald Trump told reporters at the White House that the U.S. could impose export controls on Boeing (BA) plane parts in response to China’s export limits on rare earth minerals, Dan Catchpole and Steve Holland of Reuters reports. “We have many things, including a big thing is airplane. They (China) have a lot of Boeing planes, and they need parts, and lots of things like that,” Trump said, according to Reuters.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BA:
- “We Look Forward to Delivering…”: Boeing Stock (NYSE:BA) Plunges Despite New Contract Win
- Mixed options sentiment in Boeing with shares down 3.31%
- Howmet Aerospace price target raised to $220 from $210 at Susquehanna
- “We’ve Never Taken That Many”: Boeing Stock (NYSE:BA) Snaps Up With Big New Ryanair Delivery
- Boeing awarded pact for eight additional MH-139A helicopters