Trump went to Beijing pitching a 500-jet order from Boeing, and Xi countered with 200, which sent Boeing shares down about 4%.
That gap is the whole summit in one trade.
The two-day meeting in Beijing wrapped Friday, with the Boeing order standing as the only major deal announced.
Trump said China would also buy U.S. soybeans, oil, and LNG, building on a 25 million-ton annual soybean commitment from the October summit.
What didn't happen mattered more, since there was no tariff rollback, no chip-export deal, and no breakthrough on Taiwan.
Xi actually used the meeting to warn Trump that disagreement over Taiwan could push the two countries toward conflict.
The overall outcome was a trade truce that holds, not a reset that resets anything.
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Boeing was the most direct loser, falling about 4% as the 200-jet print landed as a downgrade rather than a win, since Trump had been floating the 500 number publicly for weeks.
Chinese tech stocks slipped too as investors digested the lack of a chip-export deal, while the yuan barely moved and U.S. stocks closed broadly mixed.
The read-across is that investors had priced in modest stabilization, and the summit delivered modest stabilization - so anyone hoping for more sold.
The October truce, struck at the leaders' last meeting, paused new tariffs and chip-export rules and was set to expire later this year.
This week's summit effectively rolled that truce forward without locking in new terms, leaving most of the tension in place but managed.
Multiple outside analysts framed the summit as "tactical stabilization, not a reset," which is roughly where investors ended up too.
The bigger question is whether the truce sticks through the next round of tariff deadlines later this year. The Boeing order is real money, but the structural issues - tech, Taiwan, tariffs - all rolled forward unchanged.
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