Why Shares of Boeing Flew Lower Today

Shares in aerospace giant Boeing (BA -6.69%) were lower by 7.3% as of 11 a.m. today. The move is due to today's implementation of 25% tariffs on goods imported from Mexico and Canada and a 10% import duty on Canada's energy products. In addition, the Trump administration increased tariffs on products from China to 20%. Why Boeing is impactedTrade wars are bad news for Boeing. First, Boeing is traditionally the largest capital goods exporter in the U.S., and the company could see a loss of orders if airlines ...