What Happened
President Trump arrived in Beijing on May 13 and met with President Xi Jinping on May 14, 2026 — the first US presidential visit to China since Trump's 2017 trip (CNN, timeline). The delegation that travelled with him spanned aerospace, finance, technology, and agriculture: Tim Cook (Apple), Larry Fink (BlackRock), Stephen Schwarzman (Blackstone), Kelly Ortberg (Boeing), Brian Sikes (Cargill), Chuck Robbins (Cisco), Jane Fraser (Citigroup), Larry Culp (GE Aerospace), David Solomon (Goldman Sachs), Michael Miebach (Mastercard), Dina Powell (Meta), Sanjay Mehrotra (Micron), Cristiano Amon (Qualcomm), Elon Musk (Tesla/SpaceX), Ryan McInerney (Visa), Jacob Thaysen (Illumina), Jim Anderson (Coherent), and Nvidia's Jensen Huang, who joined at the Alaska stopover (Al Jazeera, PBS).
The deliverables announced at the summit, per Trump's post-meeting Fox News interview and corroborating reporting: China agreed to purchase 200 Boeing aircraft; Beijing re-affirmed purchases of soybeans, additional agricultural products, and energy; and the US Commerce Department issued export licenses allowing approximately ten Chinese firms — including Alibaba, Tencent, ByteDance, JD.com, Lenovo, and Foxconn — to purchase Nvidia's H200 AI chip (summit summary). Specific tonnage on agricultural products and the structure of any energy purchase were not detailed in the announcement.
The Boeing Announcement
Trump confirmed the figure on Fox News following the meeting, framing it as: "One thing he agreed to today, he's going to order 200 jets … Boeing wanted 150, they got 200" (CNBC, Simple Flying). The order is the first major Chinese commercial jet purchase from Boeing since 2017 (Investing.com).
The dollar value of the order and the specific model breakdown were not publicly disclosed at the announcement. Pre-summit reporting from Fortune and Bloomberg, citing analyst notes from Jefferies, had described scenarios in which the order could reach up to 500 aircraft including 737 MAX, 787, and 777X widebodies.
Boeing shares (BA) rallied in Thursday's premarket session on that pre-summit reporting and traded approximately 4.4% lower midday after the 200-aircraft figure was announced. The closing price for May 14 may differ from the midday level cited.
Cross-Asset Reaction
Nvidia (NVDA). Shares rose 1.9% in premarket trading following Reuters reporting that the US had cleared approximately ten Chinese firms to purchase the H200 chip. The company's market capitalization passed $5.5 trillion at the time of the premarket move.
ES / NQ. S&P 500 E-mini futures (ES) traded up approximately 0.29% pre-cash open. The cash S&P 500 had closed the prior session at 7,444.25, a record high. Nasdaq futures also gained alongside Nvidia's premarket move.
Soybeans (ZS). Front-month soybean futures held above $12 per bushel near a two-year high heading into the summit. Pre-summit reporting noted that the existing late-October 2025 framework — agreed between Trump and Xi in Busan, South Korea — already committed China to 12 million metric tons of US soybeans in late 2025 and at least 25 million metric tons annually through 2028 (Bloomberg, Bessent announcement Oct 30, 2025). Reuters-sourced reporting ahead of the Beijing summit indicated that any incremental farm-deal language was expected to focus on corn, sorghum, milling wheat, beef, and poultry rather than additional soybean volume above the existing framework (US News / Reuters).
Forward Calendar
Data points that will provide more detail on the deal package over the coming months:
- Boeing disclosures. The model mix and dollar value of the 200-aircraft order have not been publicly released. Boeing's orders & deliveries page publishes contract details once finalized. Subsequent earnings releases will indicate revenue recognition timing.
- USDA weekly export sales. The Foreign Agricultural Service export sales report publishes weekly Chinese purchases of US agricultural products. Actual loadings against the late-2025 soybean framework and any incremental commitments will be reflected there.
- Nvidia data center revenue. The export licenses approve the sale of H200 chips to approximately ten Chinese firms. Actual order placement and revenue recognition will appear in Nvidia's quarterly disclosures.
- Xi's reciprocal visit. Trump invited Xi to visit the White House on September 24, 2026 (summit summary).
Summary
The 2026 Trump-Xi summit announced a 200-aircraft Boeing order — the first Chinese commercial jet purchase from the United States since 2017 — re-affirmed agricultural and energy commitments, and confirmed US export licenses allowing approximately ten Chinese firms to purchase Nvidia's H200 AI chip. The model mix and dollar value of the Boeing order were not disclosed at the announcement. Boeing stock traded approximately 4.4% lower midday following the announcement, after rallying premarket on pre-summit reporting that had cited estimates of up to 500 aircraft. Soybean futures held near a two-year high; the existing late-October 2025 framework already committed China to at least 25 million metric tons of US soybeans annually through 2028. S&P 500 futures traded up roughly 0.29% pre-cash open, with the cash index having closed the prior session at a record 7,444.25.
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