Trump announces verbal China trade commitments with no signed agreements after Beijing summit

President Trump concluded a two-day Beijing summit on May 15, 2026, announcing China agreed to buy 200 Boeing jets, GE Aerospace engines, agricultural products, and crude oil. No written agreements were signed. China did not publicly confirm the Boeing order, and both countries issued contradicting characterizations of what was agreed. Wall Street sold off after UBS economists called the outcome "nothing of real substance." The summit proposed a Board of Trade to manage tariff reductions on $30 billion in goods, but with no timeline, membership, or binding authority.