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>> No matter where you are round the world, chances are you've flown on one of these. A plane made by US giant, Boeing. As President Donald Trump toured a Boeing plant Wednesday, with CEO Dennis Muilenburg, the two were all smiles for the cameras.>> I keep telling these countries, no, you have to buy American.
I want you to buy American.>> But there was likely an undercurrent of tension. Why? Trump's plans to slap tariffs on $60 billion of Chinese imports, not to mention his double digit tariffs on imported steel and aluminum, have put a bullseye on Boeing for retaliation, says Reuters manufacturing correspondent, Al Scott.
>> Airplanes are well-known products and Boeing's a very visible producer. The only big US plane maker. But the other thing is that most of their planes are sold overseas. And 22%, about a quarter of all the planes they delivered last year, went to China. So that's a huge amount of impact on Boeing if China decides to switch to the other guy, Airbus.
>> Investors have picked up on that fear. Shares of Boeing are down three days in a row, falling more than 10% from their recent record high with Boeing's future in China now in doubt.>> Boeing's also just coming to the end of building a factory there to finish 737 jets, which are the most popular ones that Boeing makes.
Just to deliver them into the Chinese market. So there's a huge business investment there as well. If China were to throttle back on that, it would put all of that into some jeopardy, and would really put pressure on Boeing. We're talking billions and billions of dollars.>> But Boeing does have some leverage.
Analysts say even if Beijing retaliates, there is no way it can totally cut off Boeing. Because the world's other leading plane maker, European rival Airbus, doesn't have enough manufacturing power to meet all of China's growing demand for new aircrafts all alone.