China will order 200 Boeing jets, Trump tells Fox News
CNBC • • general
Key Points:
- President Donald Trump announced on Fox News that China has agreed to purchase 200 Boeing jets during his visit to China, a deal confirmed by Trump in a clip aired Thursday.
- Analysts had anticipated a large Boeing order from China, with some estimates reaching up to 500 aircraft, but the announced figure is lower than expected.
- This potential deal marks Boeing's first significant order from China in nearly a decade, as the country has primarily been purchasing from Boeing's rival, Airbus.
- The specific models of the aircraft were not disclosed, though analysts suggest the order may include Boeing's popular 737 Max planes.
- Boeing and the White House have not yet commented on the announcement, and Boeing's shares fell more than 4% in early trading following the news.