China is not taking the tariff war lying down but it appears there will be no real winners:

China halts orders of US-made Boeing planes in retaliation to Trump's tariffs

"In short: China has reportedly told its biggest airlines to pause deliveries of American-made Boeing jets.

"China's three biggest airlines were expected to buy more than 170 Boeing jets over the next three years in deals worth billions of dollars.

"What's next? An international aviation consultant says it may be 'a good thing' for the rest of the aviation world amid high demand for aircraft."

...

"International aviation consultant Neil Hansford said China would be the biggest loser from this latest trade spat.

"'In the end China is cutting off its nose to spite its face because [the country] has a shortage of aircraft after COVID,' he said."