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Boeing shares fall on China trade war threats

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President Donald Trump sits between Boeing Chairman and CEO Dennis Muilenburg (R) and Treasury Secretary Steve Mnuchin (L) during a round table at Boeing in St. Louis, Missouri, U.S. March 14, 2018.

Kevin Lamarque | Reuters

President Donald Trump sits between Boeing Chairman and CEO Dennis Muilenburg (R) and Treasury Secretary Steve Mnuchin (L) during a round table at Boeing in St. Louis, Missouri, U.S. March 14, 2018.

Shares of U.S. aerospace giant Boeing tumbled in extended-hours trading Wednesday as investors digested the impact of new Chinese tariffs.

Beijing has announced brand-new tariffs on 106 U.S. products which have also hit automakers and whiskey producers. China’s move is viewed as a response to President Trump’s list of Chinese imports that the U.S. is taking aim at.

Boeing’s share value fell 6 percent by about 7.00 a.m. ET Wednesday in extended-hours trade. Its big rival Airbus is also lower but is managing to outperform the wider French index.

The effective start date for the new charges is not known, but China’s Ministry of Commerce said the tariffs are designed to target up to $50 billion of U.S. products annually.

Boeing shares have been weighed down in recent weeks as talk has persisted of a potential trade war between the U.S. and China.

But in a note released prior to China’s latest announcement, stock researchers Valuentum suggested that Boeing’s tariff troubles were overblown.

“Even if there are some commercial airplane cancellations from China-based airlines, Boeing has tremendous flexibility to pull forward deliveries from other customers,” the note said Tuesday.

Boeing has estimated that customers across the globe will demand more than 41,000 new airplanes over the next two decades.

Much of that demand will stem from a China that is hungry for new planes. Last week, Flight Global reported that the China Southern Airlines Group is scheduled to take delivery of 309 aircraft over the next three years.

In 2018, Boeing is set to deliver 71 aircraft to the group. So far there has been no suggestion that this deal is at risk.

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Google removes Parler app from Google Play Store

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Sundar Pichai, CEO of Google

Anindito Mukherjee | Bloomberg | Getty Images

Google has removed Parler, a social media app popular with Trump supporters, from the Google Play Store, making it much harder for Android users to download and access the app.

Google said in a statement that its requires social media apps to have content moderation policies that remove posts that incite violence, and that posts on Parler were encouraging further violence after the U.S. Capitol riot earlier this week.

The removal of the app comes as the violence at the U.S. Capitol by Trump supporters on Wednesday that left five dead has renewed calls for social media and technology companies to more closely moderate their platforms, especially when it comes to calls to incite violence.

Twitter permanently banned President Donald Trump’s personal account on Friday because it felt that Trump’s most recent tweets were inciting violence, while Facebook prevented Trump from posting through the inauguration later this month.

Screenshots of the Parler app seen by CNBC show users posting references to firing squads, as well as calls to bring weapons to the presidential inauguration later this month. In its statement, Google said that it warned the app about its content moderation policy earlier this year.

Parler was launched in 2018, and it emerged earlier this year as a pro-Trump alternative to Twitter with less content moderation. “We’re a community town square, an open town square, with no censorship,” Parler CEO John Matze said in June. “If you can say it on the street of New York, you can say it on Parler.”

The Google Play store is not the only way to install apps on Android phones. Users have the option of alternative app stores, or a process called side-loading, which manually installs software without going through an app store.

The Parler app won’t be removed from user phones, and it is still accessible on the web, although the website was having issues loading on Friday.

Parler didn’t immediately return a request for comment about app store removals on Friday. Matze, the Parler CEO, posted on his social network snippets of a message from Apple on Friday that suggested that Apple was planning to imminently remove the app from its app store for iPhones. An Apple representative didn’t immediately have a comment.

Here’s Google’s full statement:

“In order to protect user safety on Google Play, our longstanding policies require that apps displaying user-generated content have moderation policies and enforcement that removes egregious content like posts that incite violence. All developers agree to these terms and we have reminded Parler of this clear policy in recent months. We’re aware of continued posting in the Parler app that seeks to incite ongoing violence in the U.S. We recognize that there can be reasonable debate about content policies and that it can be difficult for apps to immediately remove all violative content, but for us to distribute an app through Google Play, we do require that apps implement robust moderation for egregious content. In light of this ongoing and urgent public safety threat, we are suspending the app’s listings from the Play Store until it addresses these issues.”

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Trump tweets from POTUS handle account taken down almost immediately

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U.S. President Donald Trump makes a fist during a rally to contest the certification of the 2020 U.S. presidential election results by the U.S. Congress in Washington U.S, January 6, 2021.

Jim Bourg | Reuters

President Donald Trump continued tweeting Friday evening using the government-owned @POTUS account, despite having his @realDonaldTrump account permanently suspended by Twitter earlier in the day.

“As I have been saying for a long time, Twitter has gone further and further in banning free speech, and tonight, Twitter employees have coordinated with the Democrats and Radical Left in removing my account from their platform, to silence me,” Trump wrote in a series of tweets that are no longer visible on the social media service.

The tweets were removed from the service almost immediately. It’s unclear what steps Twitter took in the handling of the @POTUS account.

Earlier in the day, the company announced that it would permanently suspend Trump’s personal account “due to the risk of further incitement of violence.”

Twitter specifically noted that Trump’s tweets earlier in the day could be interpreted as supporting rioters. The company also noted that plans for future armed protests had begun proliferating on and off of the social media service.

In his @POTUS tweets, Trump reiterated his call to repeal Section 230 of the Communications Decency Act, a 1996 law that shields tech companies from being held liable for what users post on their platforms. The sentiment was echoed by Republican Sen. Lindsey Graham.

“I’m more determined than ever to strip Section 230 protections from Big Tech (Twitter) that let them be immune from lawsuits,” Graham tweeted.

Trump also said his administration has “been negotiating with various other sites, and will have a big announcement soon.” He added that his team is looking “at the possibilities of building out our own platform in the near future.”

“We will not be SILENCED! Twitter is not about FREE SPEECH,” Trump wrote in the now removed tweets.



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Pro-Trump dark money groups organized the rally that led to deadly Capitol Hill riot

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