Trump to announce tariff truce extension, aircraft purchases from Boeing in China, traders predict

US President Donald Trump speaks to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Tuesday, May 12, 2026. Bonnie Cash | Bloomberg | Prediction market traders think President Donald Trump will make some major announcements in his trip to meet with Chinese President Xi Jinping in Beijing. Traders on Kalshi give an 86% chance that he will announce China will buy aircraft from domestic manufacturer Boeing . That belief is shared with Wall Street, as Boeing's stock advanced nearly 2% on Wednesday ahead of the meeting. "The speculation is that Trump wants this to be the largest order ever announced, which could mean a Boeing purchase commitment in the triple-digit billions," wrote Tobin Marcus, head of U.S. politics and policy at Wolfe Research, in a note. "Investors will need to await clarification from the company about how 'real' those numbers are and what specific airframes are included." Traders are also placing more than 81% odds that Trump will announce an extension of the U.S.-China tariff truce . In their October deal, China agreed to pause export controls on rare earths while the U.S. cut tariffs on the country related to fentanyl to 10% from 20%. Barclays predicted that tariff might move a few percentage points lower if China purchases aircraft, as well as American oil and soybeans. …