Beijing first confirmed Boeing's order of aircraft in today's statement by the Ministry of Commerce. However, the water does not specifically specify the line of aircraft that will be purchased.
Earlier, on 15 May, U.S. President Donald Trump also said that China would buy 200 Boeing planes and commit to increasing to 750.
According to Reuters, this was Boeing's first big deal in China for nearly a decade. Throughout the time, American aircraft manufacturers have been almost removed from the world's second largest airline market due to trade tensions between North King and Washington.
President Donald Twain visited China last week and spoke with the director of Near Ping. The two countries achieved a series of trade commitments, including Boeing business and opened the agricultural market.
The Ministry of Commerce states that the US will secure the supply and the aircraft engine parts within the agreement framework with Boeing.
Phase 2005-2017, China orders an average of 127 aircraft per year. However, since then, these national airlines have only ordered an average of six per year.
- A Boeing aircraft in Seattle, USA April 2025. Image: Reuters*
The two sides will also seek to cut the tariffs in response to the amount of valuable goods from $30 billion up, according to the Chinese Ministry of Commerce. Beijing emphasizes the U.S. tax level on Chinese goods not to exceed the agreed on the deal last year.
"If tax reduction for approximately $30 billion of goods, this figure is equivalent to only about 10% of U.S. import needle from China, not big enough to change GDP growth forecast", Zhiwei Zhang, Chairman, and chief of Pinpoint Asset Management remarked.
Still, he said that this was still a positive step as the two countries maintained dialogue to settle parallel relationships. "It's still good news with global investments", this expert shares.
January 204025, China and the US reached the trade deal at Kuala Lumpur (Malaysia), before the meeting with Trump - Episodes in Busan (2004). As a result, the two countries extended their tax agreement for another year. US tax reduction with Chinese goods. Beijing interrupts new restrictions on rare soil and soil magnets, which are important ingredients for consumer electronics, electric cars and defense.
The Chinese Trade Department's statement was given after the U.S. Finance Minister Scott Besent said that "no hurry" extended the trade truce and strategic mineral deal with China. This indicates that the two sides have multiple negotiations in the future.
The Ministry of Commerce states that the two countries will coordinate their concerns regarding export control. Along with that, Beijing also went on to consider strategic mineral export licenses, including rare land for civilian purposes.
On 18 May, the White House stated that China would buy at least $17 billion of American farming in the 2026-2028 period, in addition to the current commitments to the soybeans.
The Chinese do not confirm this number, but the information is that the two parties have achieved positive results in agriculture and are unanimously opening markets for each other. Beijing re-signs for qualified American beef exports and re-incorporates some American bird products.
In the opposite direction, the US is committed to dismantling or handling some non-colonial barriers to Chinese agriculture, which facilitates exporting of its milk products.
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