President Donald Trump announced China will purchase 200 Boeing jets following a high-stakes bilateral summit. This agreement marks the planemaker's first major deal with China in nearly a decade.
Boeing shares traded down approximately 2.4% during the morning session on May 15. The 200-plane figure fell short of investor expectations for a 500-aircraft mega-deal.
President Trump suggested the agreement could eventually expand to 750 planes. No firm details regarding aircraft models or delivery timelines are currently available. The smaller initial order highlights ongoing trade frictions between the two nations.