Boeing faces fresh crisis with new tariffs imposing

US aviation giant, Boeing, has been caught in the crossfire after the US imposed new tariffs of up to 145 percent on many Chinese products, sparking retaliatory 125 percent levies from Beijing. 

The duties more than double the cost of aircraft and spare parts manufactured in the US. A Bloomberg news report said that Beijing requested Chinese carriers to pause purchases of aircraft-related equipment and parts from US firms. 

Boeing has declined to comment on the matter. According to US official data, commercial aircraft exports reached $4.2 billion in August last year but dropped to $2.6 billion in September. They slipped further in October and November. In December, when Boeing deliveries gradually resumed, the amount rose to $3.1 billion.