Boeing finds itself caught in an escalating trade war between the U.S. and China. It hasn’t been good for shares as investors watch China refuse delivery of 737 MAX jets. Whether it’s an act of defiance or economic sanity is beside the point: It means fewer sales at a time when Boeing is trying to recover.

Air India and Malaysia Airlines seek Boeing jets rejected by China amid a trade war, eyeing early deliveries to expand fleets and retire older aircraft.