Boeing BA shares are trading lower on reports the company is among those China could retaliate against after the U.S. announced it will block chip shipments to Huawei.
Reports the Trump Administration taking action against Huawei comes as tensions mount between China and the U.S., potentially fueled by implications from the coronavirus.
Boeing is the world's largest aerospace and defense firm that operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital. The company has had its fair share of troubles already with issues surrounding the 737 MAX.
Boeing shares were trading down 2.38% at $119.61. The stock has a 52-week high of $391 and a 52-week low of $89.
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