Trump's China trip ends with no real deal
Trump's China visit produced photos and promises but no signed deal, which is bad for Boeing, oil buyers, and Korean markets.
- No joint statement was signed, so any farm purchases or Boeing jet orders from China remain unclear and could be slow-walked.
- Boeing shares fell because the promised jet order was smaller than hoped and Beijing has stayed silent on it.
- Oil prices and gas prices rose, signaling markets read the summit as a letdown on easing tensions.
- South Korea's market crashed about 7-8%, with Samsung down around 9% on the China-US uncertainty and possible worker strikes.
- Xi appeared to lead the conversations while Trump looked passive, and China subtly highlighted its long history with gifts like 200-400 year old trees.
Outlook: Without a signed agreement, expect more market jitters, higher gas prices, and continued pressure on Boeing and Korean tech stocks.