Boeing shares drop 4% after Trump announces China orders just 200 jets
Key takeaways
- Add ARY News on Google AAResize China has agreed to buy 200 Boeing jets, U.S.
- “One thing he agreed to today, he’s going to order 200 jets … 200 big ones,” Trump said on Fox News’ Hannity, referring to Xi.
- The White House did not immediately respond to a request for comment on Wall Street’s reaction to the announcement.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize China has agreed to buy 200 Boeing jets, U.S. President Donald Trump told Fox News Channel on Thursday, a number that was far fewer than analysts had expected, and the planemaker’s shares fell.
Details of the deal were not immediately available, including when and which type of jets would be delivered, but the amount was much smaller than the roughly 500-plane package that sources told Reuters was under discussion ahead of a meeting on Thursday between Trump and Chinese leader Xi Jinping.
“One thing he agreed to today, he’s going to order 200 jets … 200 big ones,” Trump said on Fox News’ Hannity, referring to Xi. Boeing shares fell 4.1% during market trading on Thursday.