Boeing’s stock tumbled after President Donald Trump told Fox News China had agreed to buy 200 planes during his Beijing summit with Xi Jinping. The announcement sparked a 4.7% drop in the aerospace giant’s shares on Thursday, the steepest slide since the 2017 deal for 300 jets. Investors had hoped the visit would yield a larger, “mega‑order” that analysts have been tracking.

The deal emerged as the only concrete transaction disclosed on the two‑day trip, which also featured talks on agriculture, rare‑earths and semiconductor export controls. Trade chief Kelly Ortberg accompanied Trump, while CEOs Elon Musk, Tim Cook and Jensen Huang attended side events. Beijing offered no comment, leaving companies to demand clearer timelines and any easing of export restrictions. This silence stalled momentum for other pending contracts.

Analysts had previously speculated China might place an order as large as 500 jets, a figure that would dwarf the 300‑plane purchase in 2017 valued at over $37 billion. With the modest 200‑plane pledge, Boeing faces a near‑term earnings hit, while the broader trade balance remains uncertain until China confirms further agricultural or energy agreements.