Beijing agreed to purchase 200 Boeing aircraft following a U.S.-China summit. This marks the first significant Chinese order for the U.S. planemaker in nearly a decade. President Donald Trump announced the deal on May 15. The agreement includes provisions for the order to expand significantly in the future.
Boeing shares fell 4% to 5% following the announcement. The market reaction followed investor expectations of a 500-aircraft deal. Boeing stock continued to slide in pre-market trading on May 15. The smaller order size signals persistent trade tensions despite the supply chain win.