China has reportedly confirmed that it will buy 200 Boeing jets after US President Trump and his Chinese political equivalent Xi Jinping in a high stakes Beijing visit last week.
Primarily, the US deal will provide China with guaranteed supply for aircraft engine compartments. Under the new deal, both sides will work towards an extension of the tariffs temporary agreement they agreed in October and seek tariff cuts on $30bn or more of goods.
Trump told journalists while leaving China on Friday: “We made a lot of great trade deals, including over 200 planes for Boeing, with a promise of 750 planes, which would be by far the largest order ever.”
Similarly, Boring said in a statement: “We had a very successful trip to China and accomplished our major goal of reopening the China market to orders for Boeing aircraft.”
“This included an initial commitment for 200 aircraft, and we expect further commitments will follow after this initial tranche.”
It is pertinent to note that officials from China and the US reached on a shared deal in Kuala Lumpur, Malaysia, before a high-stakes Trump-Xi meeting in South Korea in 2025 that prolonged their trade ceasefire until November.
The deal included a significant reduction to US tariffs on Chinese goods and a limit on Beijing’s trade sanctions on exports of rare earth minerals and magnets.
