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Xi, Trump Agree on Trade, Boeing Planes

May 18, 2026

2 min read

Key Takeaways

US and China to set up 'board of trade' and 'board of investment'.
China to purchase at least $17 billion of US agricultural products annually.
Initial purchase of 200 Boeing aircraft agreed.
Tariff reductions and trade barriers to be discussed.

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Strategic Implications

The agreements may signal a shift towards more predictable US-China trade relations, which could benefit Boeing and US agricultural exporters. The establishment of new trade boards suggests a willingness to manage economic ties and reduce tensions, but the lack of specifics on tariffs and tech rivalry indicates ongoing challenges.

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What Happened

US, China Establish New Trade Boards Amid Ongoing Tensions

Following a three-day visit to Beijing, US President Trump and Chinese leader Xi Jinping announced agreements on trade and economic cooperation. The US and China will establish a ‘board of trade’ and a ‘board of investment’ to manage economic ties. China will purchase at least $17 billion of US agricultural products annually and make an initial purchase of 200 Boeing aircraft. The agreements aim to reduce trade tensions and promote cooperation, but details on tariffs and tech rivalry remain unclear. This development was reported by CNN.

Source

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