Chinese airlines and Boeing have been severely impacted by U.S.-imposed tariffs, disrupting regular trade and investment activities of many businesses, the Chinese commerce ministry said in a statement on Tuesday.

China says US tariffs hurt Boeing and airlines, disrupt aviation supply chains, as Beijing urges stable trade ties.

Tony Douglas, chief executive of Saudi startup Riyadh Air, said that the airline is prepared to purchase Boeing (NYSE:BA) aircraft originally intended for Chinese carriers if ongoing trade tensions between the United States and China prevent their delivery,