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.

Aviation Week Network’s fleet forecast projects that Boeing will deliver 44 aircraft to Chinese customers in 2025, the majority of which are expected to be 737-8s and 737-9s. Chinese airlines have a total of 295 737 MAX-family aircraft on order, including 39 737-8s and 10 737-10s for Xiamen Airlines.

Boeing jet intended for use by a Chinese airline was heading back to the U.S. on Monday, flight tracking data showed, in what appeared to be another victim of the tit-for-tat bilateral tariffs launched by President Donald Trump in his global trade offensive.