The fallout from the crash of a second Boeing (BA) - Get Report 737 MAX jet in less than six months continues as China reportedly is considering leaving the purchase of the jet out of the trade deal it is currently negotiating with the United States, according to Bloomberg.
Boeing jets were previously featured on a draft list of American products China would purchase in order to reduce its trade surplus with the United States. However, concerns about the safety of the planes has Chinese officials reconsidering their inclusion in the deal.
An Ethiopian Airlines flight crashed shortly after leaving Addis Ababa two weekends ago, killing all 157 people on board. In October, a flight operated by Indonesian airline Lion Air crashed into the sea, killing 189 passengers and crew. Both flights were on Boeing 737 MAX planes.
Boeing's stock has taken a tumble as countries around the world have grounded the jet, including the EU, Britain, Australia, Canada and Singapore. The U.S. Federal Aviation Administration also eventually grounded the jet after public outcry.
Since the beginning of the month, Boeing shares have declined 16%. The stock was up 0.6% Tuesday in trading.
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