China has agreed to purchase 200 Boeing jets, marking a significant milestone as it represents the first major order of US-made commercial aircraft in nearly a decade. President Donald Trump announced the deal during a Fox News interview, stating that Boeing aimed for 150 jets but secured an order for 200. Following this announcement, Boeing shares fell 4.8% to $229.13, poised for their largest drop in about seven months. The specific aircraft types included in the order have not been disclosed, but Chinese airlines were previously expected to order up to 500 Boeing 737 Max jets and some widebody aircraft. This agreement comes as Trump and Chinese President Xi Jinping meet to discuss various economic issues, including trade barriers and sanctions. Notably, China has not placed a major order with Boeing since Trump's visit in 2017, and the country has only ordered 39 Boeing planes this decade. If finalized, this deal could signal a return to substantial US aircraft purchases by China after a prolonged period of reduced orders due to trade tensions and the COVID-19 pandemic.