Trump: Boeing is a very disappointing company

U.S. President Donald Trump criticized Boeing as a “very disappointing company” tuesday because of the aerospace giant’s recent problems, which have had a knock-on effect on the U.S. economy, AFP reported.

U.S. President Donald Trump on The 15th local time, urged Boeing to take action as soon as possible to solve the problem of the grounded 737 MAX aircraft, and pointed out that the Boeing crisis has a major impact on the U.S. economy. According to reports, studies cited by Mr. Trump suggest that cutting 737 MAX could reduce U.S. gross domestic product by 0.5 percent by 2020.

Trump: Boeing is a very disappointing company

Late Monday local time, Boeing confirmed that its plant in Renton, Washington, had stopped assembling the Boeing 737 MAX aircraft. Boeing had previously announced plans to suspend production of the aircraft for a period of time in December, but has not announced an exact date for the shutdown. Boeing said it would not cut jobs as a result of the shutdown, but with losses continuing in the industry’s supply chain, the 737 Max shutdown is likely to affect the U.S. economy.

Estimates suggest that the shutdown could cut US gross domestic product by half in the first quarter.

Trump: Boeing is a very disappointing company