India, May 15 -- In a major breakthrough for American manufacturing, US President Donald Trump announced on Thursday that Chinese President Xi Jinping has committed to purchasing 200 Boeing aircraft. This would be the first order for the American aircraft manufacturing firm in nearly a decade.

The multi-billion-dollar agreement, unveiled during a high-stakes summit in the Chinese capital, marks a significant de-escalation in trade tensions and provides a vital lifeline to the embattled aerospace giant.

Trump characterised the deal as a "monumental win" for the US economy, emphasising its potential to create thousands of domestic jobs. Chinese President agreed to buy "200 big Boeing jets," Trump said, adding Boeing wanted 150 "but they g...