US President Trump announces Boeing jet order from Chinese investors

US President Donald Trump has announced a Boeing jet order from China, with the country committing to purchase 200 aircraft. The announcement was made during Trump’s final meeting with Chinese President Xi Jinping amid ongoing trade tensions.

The news follows reports that Boeing shares have dropped by 4% following the announcement. This move is attributed to the relatively small size of the order compared to expectations.

Trump has touted the deal as a “fantastic trade agreement” and highlighted its potential to boost US exports. However, some analysts have expressed concerns about the impact on Boeing’s business and the overall aviation industry.

The Chinese government has remained silent on the matter, with no official statement released regarding the terms of the deal or its implications for bilateral relations.

Boeing shares continued to slide in response to the announcement, with investors seemingly disappointed by the size of the order. The company’s stock price has been affected by various factors, including global demand and competition from rival manufacturers.

The development comes as tensions between the US and China remain high, with ongoing trade disputes and disagreements over issues such as intellectual property and market access.

Source: Google News World