Boeing’s stock declined on Thursday after China confirmed plans to purchase 200 aircraft from the U.S. manufacturer. The agreement, announced by President Donald Trump, arrived during high-level trade discussions in Beijing and fell short of market forecasts.
Although the acquisition of Boeing jets had been anticipated by industry watchers, the final figure disclosed by President Trump was smaller than what analysts had projected. Initial expectations, based on prior talks between the two governments, suggested a potential deal for approximately 500 planes.
In addition to the Boeing announcement, investors are closely monitoring negotiations that could enable approval of Nvidia chip sales to ten Chinese firms. U.S. and Chinese officials are also discussing measures to accelerate regulatory clearance for Chinese investments in non-sensitive American sectors.
Market participants remain cautious, as both nations have a history of unfulfilled trade pledges. According to an assessment cited by Semafor’s Morgan Chalfant, this week’s summit was characterized more by ceremonial displays than concrete agreements.
Boeing’s shares dropped 4.7% on Thursday following the news of the scaled-back order.
