Trump reportedly worried grounding Boeing 737 MAX jets would hurt the stock market

A Boeing 737 MAX airplane.
(Image credit: Don Emmert/AFP/Getty Images)

Before ordering the grounding of all Boeing 737 MAX airplanes on Wednesday, President Trump was concerned that the act would cause alarm and hurt the stock market, two people familiar with the matter told The Washington Post.

A Boeing 737 MAX 8 operated by Ethiopian Airlines crashed on Sunday just minutes after taking off from Addis Ababa, and the United States was the last major country still allowing the planes to fly.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us
Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.