Boeing Falls After Trump Unveils Smaller China Aircraft Order

China agreed to buy 200 Boeing Co. planes, President Donald Trump said, in a multibillion-dollar deal that would mark the nation’s first purchase of US-made commercial jets in nearly a decade.

But Trump’s announcement, in an interview with Fox News Channel’s “Hannity” on Thursday, fell short of the 500 737 Max and additional widebody aircraft Chinese airlines were expected to buy at the upper extreme of a landmark deal.

Boeing shares fell as much as 5.4% to $227.50, though are up roughly 7% for the year.

Trump and Chinese President Xi Jinping are meeting this week to address pain points ...