The Trump administration is considering a proposal to halt deliveries of jet engines co-produced by General Electric Co. for a new airliner being developed in China, a potential escalation of protective trade measures that could have steep repercussions for the major American manufacturer.
The administration may decline to issue a license allowing CFM International, a joint venture of GE and France’s Safran SA, to export more of its LEAP 1C jet engines to China, a person familiar with the discussions said. The engines are…