China has agreed to buy 200 Boeing jets, Trump says
The deal would mark China’s first purchase of U.S.-made commercial jets in nearly a decade, and Boeing shares fell more than 4%, Reuters said.
- On Thursday, President Donald Trump told Fox News that China has agreed to order 200 Boeing jets, marking the country's first purchase of U.S.-made commercial aircraft in nearly a decade.
- Trump claimed that Chinese President Xi Jinping agreed to 200 jets, noting "Boeing wanted 150, they got 200," though prior media reports suggested a potential order of 500 or more aircraft.
- Boeing shares fell more than 4% following the announcement, while The White House and Boeing provided few details on whether the order includes best-selling 737 Max planes.
- Treasury Secretary Scott Bessent had previously anticipated a major Boeing announcement during the trip, where Boeing CEO Kelly Ortberg joined President Donald Trump on the visit to Beijing.
- The agreement represents a significant development for the manufacturer after winning no major orders from China in almost a decade, though neither Boeing nor The White House provided immediate comment.
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75 Articles
Donald Trump and his counterpart Xi Jinping led on Friday (local time) in Beijing a final day of discussions to ensure the relaxation sought at a summit at which the U.S. President said he had obtained an offer of help to reopen the Strait of Ormuz and the promise of a major Boeing order.
Boeing shares fell more than 4% after President Donald Trump revealed that China had agreed to buy only 200 Boeing aircraft, far less than the 500 aircraft that analysts and the market had previously expected.
Donald Trump is bringing a large trade delegation to China, where he met with President Xi Jinping on Thursday.
Trump Says Beijing Agreed to Buy Oil, Soybeans, Boeing Jets From US
President Donald Trump said on May 14 that China has agreed to buy soybeans, oil, and Boeing jets from the United States following his meeting with Chinese leader Xi Jinping in Beijing. Trump told Fox’s Sean Hannity that China agreed to make major purchases of U.S. agricultural products, particularly soybeans, which are the top U.S. export to the Chinese market. “Last time we signed like 36 deals. This time it’s much bigger than that,” he said. …
This was announced by the President of the United States on the basis of talks with Xi Jinping in Beijing.
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