Why Boeing Stock Lost Ground Today
Boeing (NYSE: BA) stock continued its recent turbulent ride with a decline Thursday morning: As of 12:30 p.m., it was off by 6.4% as the broader stock market reassessed the case for optimism after Wednesday's tariff-pause rebound.Wednesday's news needs to be put into context. President Donald Trump put a 90-day pause on most of his new tariffs, but left his new base 10% tariffs on nearly all imports in effect. However, he also left the tariffs on Chinese imports active and boosted them up to 145%. Trump's move to pause the larger share of his tariffs on most trading partners could reflect his underlying willingness to make conciliatory deals that improve U.S. companies' positions in foreign markets. That said, it's far too early to conclude that such deals will be done, and a 10% tariff is still a 10% tariff.Continue reading
Boeing (NYSE: BA) stock continued its recent turbulent ride with a decline Thursday morning: As of 12:30 p.m., it was off by 6.4% as the broader stock market reassessed the case for optimism after Wednesday's tariff-pause rebound.
Wednesday's news needs to be put into context. President Donald Trump put a 90-day pause on most of his new tariffs, but left his new base 10% tariffs on nearly all imports in effect. However, he also left the tariffs on Chinese imports active and boosted them up to 145%. Trump's move to pause the larger share of his tariffs on most trading partners could reflect his underlying willingness to make conciliatory deals that improve U.S. companies' positions in foreign markets.
That said, it's far too early to conclude that such deals will be done, and a 10% tariff is still a 10% tariff.
