Catenaa, Tuesday, September 23, 2025- The US and China are in the final stages of negotiations for a huge Boeing aircraft deal that could pave for a broader trade agreement between the nations.
“This is a huge order, and it’s very important to the president. Very important for Boeing. I think it’s very important to China,” US Ambassador to China David Perdue said Tuesday.
Boeing has been working on finalizing a deal with China to sell as many as 500 aircraft. The order has been years in the making.
Boeing stock rose by over 2% on Tuesday following the news. The stock has been up by 22.7% so far this year.
In other China trade-related developments, Reuters reported Tuesday that Chinese buyers have booked at least 10 cargoes of Argentine soybeans, dealing another blow to US farmers who have been shut out of their main market and hit by low prices.
The US and China have made progress toward various contours of a broader deal following a Friday call between Trump and China’s President Xi Jinping.
Trump said after that call that the countries had reached an agreement to spin off the TikTok app in the US, with the White House later naming Oracle as part of the consortium of investors.
In the background, the Supreme Court is reviewing a high-stakes legal challenge to President Trump’s tariffs, setting up a resolution as early as this fall.
The tariffs at stake are the sweeping “reciprocal,” country-specific duties Trump has outlined in various steps this year. Those duties range from 10% to 50%. Trump has used a 1977 law known as “IEEPA” — the International Emergency Economic Powers Act — to justify imposing the tariffs.
The appeals court allowed the tariffs to stay in place while the case moves through the legal process.
