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Trump Today: Trump Today: President announces U.S. to ground Boeing 737 Max planes

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President Donald Trump walks on the South Lawn of the White House, on March 10.

President Donald Trump on Wednesday announced the U.S. is grounding Boeing 737 Max 8 and 9 planes effective immediately, following other nations after a deadly crash last weekend in Ethiopia.

BOEING DECISION

Trump made the announcement on Boeing BA, -0.88% planes at a briefing on drug trafficking, saying the accident was “tragic.” Boeing shares turned lower after Trump’s announcement.

Trump said he discussed the grounding with Boeing CEO Dennis Muilenburg, Transportation Secretary Elaine Chao and acting Federal Aviation Administration administrator Daniel Elwell.

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