Why Boeing keeps winning in Trump trade deals
Why it matters: It's a decisive turn for a company recently beset by business and regulatory disasters caused by quality troubles, legal problems, labor issues and trade walls.
The latest: Japan agreed to buy 100 Boeing planes as part of a broader trade deal with the White House, an administration official said.
Boeing did not immediately respond to a request for comment Wednesday morning.
The big picture: The Japan deal highlights a trend. Orders for Boeing's jets have also been included in announced U.S. trade deals with the U.K. and Indonesia.
Analysts have speculated that a similar deal could be part of a long-term trade agreement with China. And India was reportedly considering Boeing orders as leverage in their own trade-deal negotiations with the U.S.
Meanwhile, Boeing orders have been a component in several economic cooperation deals announced by the White House with Qatar, Saudi Arabia and the United Arab Emirates.
What they're saying:"These countries, facing the risk of U.S. tariffs or seeking stronger ties with Washington, have turned to Boeing to signal goodwill," CFRA Research analyst Matthew Miller tells Axios.
Between the lines: As the largest American exporter — and one of only two major global manufacturers of wide body jets — Boeing is naturally poised to reap significant international business, some of which might've come without trade deals.
But the company presents a particularly useful opportunity in bilateral negotiations, where the Trump administration has focused on trade imbalances.
"Aircraft purchases offer a fast way to shift trade statistics due to their high dollar value," Miller says. "And Boeing has increasingly become the default American export tool in such scenarios."
The impact: The new deals — combined with operational and regulatory progress — have helped boost a recovery in Boeing's stock.
Shares are now up 70% since plummeting in April on tariff fears, poor earnings and China temporarily halting Boeing deliveries as trade tensions peaked. The stock is up 25% over the past 12 months.
Zoom in: "For Boeing, these trade-influenced deals bring a substantial boost to backlog and future cash flow," Miller said.
"While the full revenue impact plays out over time, the order brings near-term benefits in the form of deposits and progress payments, which help improve liquidity. It also provides critical visibility for production planning."
Reality check: Past presidential administrations have also touted Boeing deals after international trips and negotiations.
President Obama, for example, bragged in 2011 about Indonesia buying more than 200 aircraft from Boeing in "the largest deal, if I'm not mistaken, that Boeing has ever done."
The intrigue: President Trump himself has repeatedly torched Boeing since retaking the White House over the company's long-delayed program to build two new Air Force One jets — a contract the president originally signed early in his first term.
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50 Money Moves To Make Before the End of 2025
The year will be over before you realize it; and, if you're not careful, critical opportunities to build your wealth will be gone, too. Learn More: See Next: Fortunately, there are plenty of moves to make it through the remaining summer, fall and winter seasons. Doing this now ensures you're hitting your financial goals and kicking 2026 off with a bang when it comes to your money. Keep reading for our full list of 50 money moves to make before the year ends. Also see money moves you should make in every decade of your life. Understand How the 'Big Beautiful Bill' Will Impact Your Finances President Donald Trump's tax and spending megabill, the One Big Beautiful Bill Act, will impact the finances of virtually all Americans. It's important to understand which benefits associated with this bill may work in your favor. Mark Gelbman, financial advisor and owner of Strategic Wealth Solutions, outlined a few areas for families and individuals to consider: The 2017 tax cuts have received a permanent extension, providing long-term certainty for households regarding their tax liabilities. The child tax credit has increased from $2,000 to $2,200. 'Trump Accounts' have been introduced with a one-time deposit of $1,000 from the federal government for children born from 2024 to 2028. According to Gelbman, families receive a 'baby bonus' via the savings vehicle for the next four years — which allows for tax-free growth on contributions up to $5,000 annually until the child turns 18. Americans ages 65 and over will be allowed a $6,000 deduction for tax relief purposes. However, Gelbman said qualifying seniors are individuals who earn no more than $75,000 a year or married couples who make $150,000. Additional considerations include, but are not limited to, increased standard deductions, the ability to deduct tip income and the temporarily raised cap on SALT deductions. Set aside time to meet with a financial advisor to see which aspects of this bill you need to know about before the start of the new year. Find Out: View Next: Clearly Define Your Financial Goals What will you do with your money in 2026? Now's the time to set clear financial goals and prioritize them accordingly. Some of these goals may include buying a home or a car, planning a wedding, having a baby, paying off debt, building an emergency fund and more. Janelle Sallenave, chief spending officer at Chime, recommends making money goals as clear as possible. Doing so not only allows you to break each goal down into manageable steps, but it also gives your money direction and keeps you focused on what matters most for your financial future. Try This: Max Out Employer Retirement Contributions The fall season is a good time to see whether you're on track to max out contributions in your employer-sponsored retirement account. In 2025, you can contribute up to $23,500 in a 401(k) — if you're age 50 or older, you can add an additional $7,500 via catch-up contributions. Max Out Your IRA For 2025, the maximum contribution is $7,000 for an IRA. Those ages 50 and older are allowed to make a $1,000 catch-up contribution as well. Fully Fund Your Health Savings Account (HSA) 'An HSA offers triple tax benefits (deductible contributions, tax-free growth and tax-free withdrawals for qualified medical expenses),' Gelbman explained. 'Many people contribute to an HSA to offset current healthcare expenses, but the balance carries over each year, which means that money can also be invested for the future.' Contribute To a 529 Savings Plan Another tax-advantaged account worth funding is a 529 plan for education expenses. Qualifying expenses — private school tuition for K-12, college tuition, room and board, books, computers and more — can be paid using these funds at any time. Plan To Use Your Flexible Spending Account (FSA) Austin Kilgore, consumer finance expert and analyst with the Achieve Center for Consumer Insights, recommends checking your flexible spending account (FSA) balance. If you have funds in this account, you need to make plans to use them. How soon should you use the funds? Kilgore said to check your plan documents or check in with your HR department for the year-end date associated with your plan. Once you know your given date, use the FSA money on the products or services you need, or you will lose these benefits. That's Interesting: Determine Your Eligibility for Extended Deadlines What if you reside in a federally declared disaster area? Robby J. Graham, CPA and wealth strategist at Waddell & Associates, said you may be eligible to make 2024 contributions to IRAs and HSAs beyond the standard deadlines. He recommended 'consulting a qualified tax professional to confirm your eligibility and the specific postponement date applicable to your state to take advantage of this opportunity.' Build an Emergency Fund Don't already have an emergency fund as a financial safety net? Start building one now that can cover three to six months' worth of expenses (at a minimum). Rebuild Your Emergency Fund Did you dip into your emergency fund this year to pay for an expected medical bill or another critical expense? Use the remaining part of this year to rebuild this fund. See Whether Your Employer Offers an Emergency Savings Account Feeling overwhelmed thinking about how to save three to six months of expenses with five months left in the calendar year? Your workplace may offer an emergency savings account (ESA) to help automate the process. Devin Miller, CEO and co-founder at SecureSave, recommends finding out whether your employer offers an ESA and signing up to have contributions in this emergency fund come directly from your paycheck. Create a Realistic Budget Your financial goals in 2026 might be different than those in 2025 and your budget should be updated to reflect these changes. Gelbman recommends analyzing your 2025 spending and income to create a realistic 2026 budget. Discover More: Identify Important Luxuries in Your Budget If you create an extremely restrictive budget, chances are highly likely you won't stick to it. Ahead of next year, Erica Sandberg, consumer finance expert at said to review your spending and consider purchases or experiences you value most. This can be — as examples — attending a baseball game with your family, getting manicures at a nail salon or going out to dinner with friends. Build these important luxuries into your budget and get rid of things and/or activities you don't need. Plan To Pay Off High-Interest Debt After creating a budget and a fully funded emergency fund, your next priority will be to pay off any high-interest debt you may have accumulated. Consider using the snowball or avalanche repayment methods. The snowball method knocks out debt with lower interest rates and builds up to those with higher rates while the avalanche method starts with highest-interest debt and works down to debt with smaller rates. Put Your Bonus Toward Debt If you're receiving a year-end bonus, Gelbman recommends putting it toward the balance of any debt you're paying off. Put Your Bonus Into Savings Don't have any debt? Put your upcoming year-end bonus into your savings account. Put Your Bonus Into Your Retirement Savings Account Still need to top off your IRA or Roth IRA contributions for 2025? Transfer your upcoming year-end bonus into this account. Check Out: Talk to Your Creditors If You Experienced Hardship This Year If you experienced hardship this year and are trying to pay off your credit cards, Kilgore recommends checking in with your creditors and explaining your situation. According to Kilgore, these creditors might be open to changing credit terms, arranging payment plans, deferring payments or waiving interest. Consider Personal Loans With Lower Interest Rates Can't pay off all your debt this year alone? Kilgore recommends seeing whether you qualify for a personal loan at a favorable rate. Doing so will allow you to pay off debt with higher interest and then just have the one loan leftover with a lower rate. Look Into Credit Counseling 'Sometimes credit counseling can provide a decrease in a credit card interest rate,' said Kilgore. Explore a Debt Settlement This option is ideal for someone who has lost their job or is dealing with major medical expenses and is struggling to make even the minimum payments on what they owe. Debt settlement, Kilgore said, negotiates with creditors to lower principal balances due. Set Up Automatic Savings This money move is as powerful as it is easy. Sandberg said nearly every bank and credit union has a free system that allows customers to have a fixed amount of money seamlessly divert from a checking account into a savings account on a regular basis. 'I recommend smaller increments made twice a month over one big lump sum once a month,' she said. 'For example, you may want to have $50 moved from your checking account on the 1st and then again on the 15th. By the end of the year, you'll have $1,200 saved.' Explore Next: Strive To Save 10% From Every Paycheck You may be financially able to do this as soon as this year or you might need to wait until 2026. In any event, as you set up automated savings, make it a point to save 10% or more from every paycheck. Plan Holiday Budgets From buying Halloween costumes to paying for a Thanksgiving feast and taking a year-end vacation, now's a good time to start assessing your upcoming holiday spending and set aside enough money to cover those expenses. Track Any Tips or Overtime You Earn This ties back in with the new Big Beautiful Bill legislation. Gelbman said taxes on tips and overtime will be deductible for many Americans. Ahead of next year's tax season, Kasey Pittman, CPA and managing director of tax policy at Cherry Bekaert, recommends monitoring upcoming guidance from the IRS and Treasury Department for more information on how new compensation-related provisions will be implemented. This is vitally important for taxpayers who receive a significant portion of their income from tips or overtime. Pittman said it will affect reporting and withholdings. Review and Adjust Your Tax Withholding Before 2025 ends, Gelbman recommends reviewing your income and deductions for the year. This ensures your tax withholding from your paycheck or estimated tax payments are sufficient. 'If you anticipate owing a significant amount come tax time,' he said, 'adjusting your withholding or making an additional payment before year's end can help you avoid underpayment penalties.' Reevaluate Whether You Should Itemize Your Deductions If you typically take the standard deduction when filing taxes, consider revisiting this strategy. 'The new $40,000 cap on the state and local tax (SALT) deduction — up from the longstanding $10,000 cap — may make itemizing more beneficial for those with significant SALT payments,' Pittman said. 'However, high-income individuals may begin to phase out of this benefit under the new overall itemized deductions limitation, so it's worth running the numbers now.' For You: Seniors: Review Your Social Security Income Pittman said Social Security income has not been excluded from taxation under the new law, despite misinformation to the contrary. Rather, a temporary $6,000 deduction was created for eligible seniors — with benefits starting to phase out for individuals earning more than $75,000 (or $150,000 for joint filers). 'Social Security income remains partially taxable depending on other income levels. Seniors should confirm how these thresholds affect their 2025 return,' Pittman said. Take Any Required Minimum Distributions (RMDs) From Qualified Retirement Accounts To do this properly, Richard Craft, CEO of Wealth Advisory Group, said you need to calculate the required minimum distribution (RMD) amount from all qualified sources. The distribution can be taken from any combination of your retirement accounts. However, Craft said it does need to come out of each account specifically. Otherwise, the IRS imposes a 25% excise tax on the amount you were supposed to take out but did not. Explore New Long-Term Savings Options for Children Earlier, we mentioned 'Trump Accounts' as a new savings vehicle for children. If you're expecting a child in 2025, Pittman said it's worth discussing long-term savings strategies now to take advantage of this provision once it goes into effect. Plan Charitable Giving Before Dec. 31, Gelbman said to make charitable donations to claim the tax deductions for 2025. He recommends donating appreciated securities to avoid capital gains taxes while supporting the causes you care about. Make a Qualified Charitable Distribution A qualified charitable distribution is specific to those ages 70 ½ and older. Gelbman said a QCD from an IRA can satisfy your required minimum distributions (RMDs) while also reducing taxable income. Be Aware: Make a Significant Contribution To a Donor-Advised Fund Ideally, this money move should be made by those who regularly find themselves in a high tax bracket or have experienced a liquidity event, like a business sale. Graham said it could provide a current-year tax deduction and flexibility for future charitable giving. Make Gifts of $19,000 Per Recipient Under the Annual Gift Tax Exclusion Craft said gifting money today, without any transfer tax, allows the money to grow outside of your estate for the benefit of the person who receives the gift. Consider making this financial gift to your child, if you're able. 'This allows the money to grow for the child's benefit, which is generally at a lower income tax rate,' Craft said. 'Better yet, give your child money to contribute to an IRA or Roth IRA — which can grow tax deferred or tax free over their lifetime.' Don't Miss Federal Incentives for Clean Energy Vehicles Do you plan to buy a new or used clean energy vehicle? Don't push this purchase out to next year. Make it before the end of September. 'Under the new tax bill, clean vehicle tax credits are only available for purchases made through Sept. 30, 2025,' Pittman said. Explore Home Solar Tax Credits ASAP Another clean energy initiative, which is homeowner specific, are tax credits for residential energy efficiency improvements and home clean energy systems. According to Pittman, these expire after Dec. 31. Small Business Owners: Consider Changing Your Business Structure If you run a small business incorporated as a pass-through entity, like an S Corporation, Pittman recommends assessing the impact of expanded business provisions. A few considerations include changes to depreciation methods, interest expense deductibility and research-related activities. 'The law also raises income thresholds for the Qualified Business Income (QBI) deduction. Some small business owners may find it beneficial to evaluate whether operating as a Qualified Small Business C Corporation makes sense under the new rules,' said Pittman. Read Next: Consider Making an After-Tax Contribution To an IRA This is known as a backdoor Roth contribution. It can grow tax-free for decades and with no RMDs due. However, Craft recommends carefully understanding this strategy and how it must be done before moving forward with it. Rebalance Your Portfolio Graham said the recent market rally may mean now is a good time to rebalance your portfolio. 'In some cases, aligning your asset allocation with your current risk tolerance can also assist in reducing downside volatility and maintaining long-term investment discipline,' he said. Explore Tax-Loss Harvesting To properly do this, Gelbman said you'll need to review your investment portfolio for underperforming assets and sell those investments at a loss. Doing so can help offset capital gains taxes and up to $3,000 of ordinary income. Gelbman said, 'Make sure you comply with IRS wash-sale rules, which state that you cannot sell a security at a loss for tax benefits, but then turn around and buy the same or a similar security within 30 days.' Consult a Tax Advisor Do you need help optimizing the tax-loss harvesting strategy or have questions about how the Big Beautiful Bill may impact your taxes next year? Reach out to a tax advisor for the answers to get ahead for 2026. Check Your Credit Report Can't remember the last time you checked your credit report? Make a point to do it before the year ends. Kilgore said you can obtain reports from major credit reporting bureaus like Experian and Equifax at no charge. Carefully review these reports and see whether there are any inaccuracies. If there are, you can follow the directions on the agency's website to correct them. Trending Now: Check Your Bank Accounts (Daily) Start getting into the habit of checking your savings and checking accounts every day for the remainder of 2025 and beyond. Doing so allows you to know exactly how much money you have available and stop any potential fraud in its tracks. Take Advantage of Financial Tools Speaking of checking your accounts, now's a good time to download banking apps to better understand what's happening with your money and to stay on top of your finances on a regular basis. Update Financial Account Passwords Can't recall the last time you updated the passwords on your financial accounts? Kilgore recommends updating these passwords for additional strength to make them less vulnerable to hackers. Have the Right Cards When's the last time you did an audit in your wallet? Sandberg recommends examining your plastic portfolio before the year wraps and review where you want to pare down or add as needed. Seek Out Small Ways To Save Money Get in the habit of becoming a smart spender and look for small ways you can save money on bills. A few recommendations include washing clothes in cold water, making meals based on what's in your pantry or freezer and walking instead of driving if your destination is a short distance away. View More: Pay Your Bills on Time Admittedly, a lot of what you're reading can sound overwhelming if you haven't checked it all off your list yet. So, let's toss in an easy money move to make: Paying your bills on time. If you're already doing this, great job. If not, set up a system like getting an alert from an online calendar or writing it down on a whiteboard at home. That allows you to see all your due dates and know exactly when to make payments. Talk About Money The end of the year brings with it more occasions for spending money — and embarrassment or anxiety if you're not comfortable telling family or friends you can't afford it. Sallenave recommends leaning into the habit of talking about finances with your partner, family members and friends. Meet With a Financial Advisor If you made it to the end of this list, you might have questions and thoughts regarding your financial bigger picture. Make time to meet with a financial advisor, ask questions and get answers to better plan for the year ahead. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 5 Cities You Need To Consider If You're Retiring in 2025 Mark Cuban Tells Americans To Stock Up on Consumables as Trump's Tariffs Hit -- Here's What To Buy This article originally appeared on 50 Money Moves To Make Before the End of 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Hill
6 minutes ago
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NASA slashing over 20 percent of workforce
NASA is slashing nearly more than 20 percent of its workforce as part of President Trump's efforts to downsize the federal government since returning to the White House. Nearly 4,000 workers have requested to depart the space agency through two rounds of the deferred resignation program. The deadline for the program was Friday at midnight. In the first round, about 870 employees have applied to leave and approximately another 3,000 workers did so in the second round — downsizing the workforce from 18,000 to around 14,000 people, NASA told The Hill's sister network NewsNation. The agency said the total number also includes the 500 workers who were lost due to normal attrition. 'Safety remains a top priority for our agency as we balance the need to become a more streamlined and more efficient organization and work to ensure we remain fully capable of pursuing a Golden Era of exploration and innovation, including to the Moon and Mars,' a NASA spokesperson said in a statement. A budget proposal from the White House, released in May, would reduce NASA's overall budget by 24 percent. The topline number would drop from $24 billion to $18 billion. Over 360 NASA employees sent a letter to their employer earlier this month, urging them not to make deep cuts, warning it will have 'dire' consequences. 'We are compelled to speak up when our leadership prioritizes political momentum over human safety, scientific advancement, and efficient use of public resources,' the workers wrote. 'These cuts are arbitrary and have been enacted in defiance of congressional appropriations law.' The deferred resignation program was instituted throughout the federal government by Trump's Department of Government Efficiency (DOGE) to help slash the size of the federal workforce and cut down on costs, waste, fraud and abuse. NASA also experienced turbulence earlier this year as the president's first pick for the agency's administrator, tech entrepreneur Jared Isaacman, was pulled in late May, days before he was set for a confirmation vote. Shortly after, Trump and tech billionaire Elon Musk — who was the chief adviser for DOGE before he departed the White House — had a public falling out. Trump later tapped Transportation Secretary Sean Duffy to be the interim NASA administrator, saying earlier this month that the former Wisconsin lawmaker is doing a 'TREMENDOUS job in handling our Country's Transportation Affairs, including creating a state-of-the-art Air Traffic Control systems, while at the same time rebuilding our roads and bridges, making them efficient, and beautiful, again.'
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Trump Tariffs Leave Costly China Supply Question Unanswered
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But still unclear to manufacturers is how the US will calculate and apply local-content requirements, key to how it will determine what constitutes transshipped goods. Southeast Asian nations are highly reliant on Chinese components and raw materials, and US firms that source from the region would bear the extra tariff damage. That's left companies, investors and economists facing several unanswered questions about Trump's tariffs that appear aimed at squeezing out Chinese content, according to Deborah Elms, head of trade policy at the Hinrich Foundation in Singapore. 'Is that raw materials? All raw materials? Above a certain percentage?' she said. 'How about parts? What about labor or services? What about investment?' In an agreement with Indonesia last week, the White House said the two countries would negotiate 'rules of origin' to ensure a third country wouldn't benefit. The deal with Vietnam earlier this month outlined a higher 40% tariff rate for transshipped goods. And Thai officials, who have yet to secure a deal, detailed that they likely need to boost local content in exports to the US. Missing Details The Trump administration isn't providing much clarity on the matter right now. US officials are still working out details with trading partners and looking at value-based local content requirements, to ensure exports are more than just assembled imported parts, according to a person familiar with the matter, who didn't want to be identified discussing private talks. A senior Trump administration official also said this week that details on the approach to transshipment are expected to be released before Aug. 1, the deadline for when higher US tariffs kick in. Some factories are already adjusting their supply chains to comply with rules that will require more locally-made components in production. Frank Deng, an executive at a Shanghai-based furniture exporter with operations in Vietnam — and which gets about 80% of business from the US — said in an interview his firm is making adjustments as authorities appear to be more strictly enforcing country-of-origin rules. Vietnam has always had specific local content requirements for manufacturers, Deng added, including that a maximum of 30% of the volume of raw materials originates from China, and the value after production in Vietnam must be 40% higher than the imported raw materials. 'We've been struggling to meet all the standards so that we can still stay in the game,' Deng said. 'But I guess that's the only way to survive now.' For most of Southeast Asia, reducing the amount of Chinese-made components in manufacturing will require a complete overhaul of their supply chains. Estimates from Eurasia Group show that Chinese components make up about 60% to 70% of exports from Southeast Asia — primarily industrial inputs that go into manufacturing assembly. About 15% of the region's exports now head to the US, up about four percentage points from 2018. Local Content The US has become increasingly vigilant about China's ability to bypass US trade tariffs and other restrictions through third countries since Trump's first trade war in 2017. Thailand signaled its frustration over the lack of clarity for how much local content is needed in goods exported to the US to avert transshipment rates, but noted it will likely be much higher than a traditional measure of 40%. 'From what we've heard, the required percentage could be significantly higher, perhaps 60%, 70%, or even 80%,' Deputy Prime Minister Pichai Chunhavajira said July 14. 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