U.S. President Donald Trump threatened to impose export controls on Boeing (NYSE:BA) aircraft parts destined for China in direct response to recently announced restrictions on rare earth mineral exports, Reuters reported.
“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 told reporters at the White House when asked what items the U.S. could impose export controls on.
Trump indicated China relies heavily on Boeing (NYSE:BA), primarily 737 models, and other parts including engines, avionics, and landing gear, that are crucial for maintaining and operating its fleet.
Trump also threatened to cancel a meeting with the Chinese President Xi Jinping after China restricted exports of rare earth minerals.
Earlier, there have been reports suggesting Boeing (BA) and Chinese authorities are currently in talks over a contract for approximately 500 civilian aircrafts and such a move could jeopardize these discussions and delay possible deliveries.
Trump also recently announced 100% tariffs on $500 billion worth of Chinese goods, effective November 1, 2025, as part of his broader trade policy shift.
ETFs to track the broader U.S. market: (NYSEARCA:SPY), (NYSEARCA:VOO), (NYSEARCA:IVV), (NYSEARCA:RSP), (NYSEARCA:SSO), (NYSEARCA:UPRO), (NYSEARCA:SH), (NYSEARCA:SDS), and (NYSEARCA:SPXU).
ETFs linked to China: (NYSEARCA:KWEB), (NASDAQ:PGJ), (NYSEARCA:CQQQ), (NYSEARCA:FXI), (NYSEARCA:GXC), (NASDAQ:MCHI), (NYSEARCA:FLCH), (BATS:CNYA), (NYSEARCA:ASHR), and (NYSEARCA:YINN).
Dear readers: We recognize that politics often intersects with the financial news of the day, so we invite you to click here to join the separate political discussion.