Boeing, ADM and Qualcomm Set to Benefit From Beijing Deal
Trump’s May 14–15 Beijing summit yielded a 200‑aircraft Boeing order, at least $17B a year in Chinese agricultural purchases and a reciprocal tariff‑cut framework for about $30B in goods.
President Donald Trump met Chinese leader Xi Jinping in Beijing on May 14–15. The two sides reached an agreement that includes an initial 200‑aircraft order for Boeing, a commitment by China to buy at least $17 billion in U.S. agricultural products annually and an in‑principle plan to pursue reciprocal tariff cuts covering roughly $30 billion of goods on each side.
China’s Ministry of Commerce described the aircraft purchase as ‘in accordance with commercial principles to support its air transport development needs.’ U.S. and Chinese officials also addressed supply of engines and spare parts, with the United States agreeing to ensure sufficient availability for Chinese carriers.
Boeing CEO Kelly Ortberg traveled with the U.S. delegation. Boeing shares fell 3.8% on May 15, declining from a $243 peak on May 14 to about $213 by May 19, and later rebounded to $222 on May 21 amid higher trading volume.
The White House confirmed the $17 billion annual agricultural figure. Archer‑Daniels‑Midland, a major U.S. soybean processor and grain exporter, raised its 2026 earnings guidance on May 5 based on expectations of resumed Chinese buying. ADM shares rose about 7.2% on that guidance.
Qualcomm CEO Cristiano Amon joined the U.S. delegation. Qualcomm reported Q2 fiscal 2026 revenue of $10.6 billion and adjusted EPS of $2.65, results the company linked to a stabilizing handset market in China. Qualcomm derives about 46% of its revenue from China and its stock rose roughly 15% after the earnings announcement at the end of April.
Market participants noted the tariff‑reduction framework applies to roughly $30 billion of goods on each side and will require further talks to set details and timetables. Officials indicated implementation steps and any additional commercial commitments will be discussed through bilateral trade channels.
Companies with China exposure remain subject to regulatory and competitive risks. Qualcomm faces a gradual shift by a major smartphone maker toward in‑house modem development and a Chinese antitrust inquiry into its Autotalks acquisition. Boeing and other manufacturers will be affected by the pace and specifics of aircraft deliveries and parts supply arrangements.
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