Expectations of easing U.S.-China trade tensions after U.S. President Donald Trump’s visit to China have increased, bringing Boeing, Archer-Daniels-Midland (ADM) and Qualcomm into focus as stocks expected to benefit.

BeInCrypto, a blockchain media outlet, reported on May 21 (local time) that the summit laid out a framework for discussions on aircraft orders, expanded imports of U.S. agricultural products and mutual tariff cuts on about $30 billion of goods.

Boeing was cited as the most direct beneficiary. Boeing confirmed an initial order for 200 aircraft from China during talks in Beijing on May 14 to 15. China’s Ministry of Commerce said China would buy 200 Boeing aircraft on a commercial basis to support demand for the development of air transport. The United States agreed to ensure an adequate supply of engines and spare parts in response.

The order ended a long gap after China halted deliveries of Boeing aircraft following the 2025 trade war. Still, the market reaction was mixed in the short term. Boeing shares fell 3.8 percent on May 15 as the initial order fell short of expectations in parts of the market of up to 500 aircraft that had been discussed in late 2025. The stock later slid to around $213 on May 19, but rebounded to $222 on May 21 with trading volume of 7.71 million shares. That confirmed a trend that the market is again accepting a reset in U.S.-China trade relations as a reason to buy, it said.

In agriculture, ADM stood out. The White House confirmed that China will purchase at least $17 billion worth of U.S. agricultural products a year. That is a direct positive for Archer-Daniels-Midland, which has a large share of soybean processing and handling U.S. grain export flows.

The company had already raised its 2026 performance outlook on May 5 and cited expectations that China’s soybean purchases would normalise. The stock rose 7.2 percent in a single day at the time, the biggest daily gain in more than 6 years. The shares then jumped 25.9 percent from a mid-April low to $83 on May 13. The price has recently been correcting in a $77 to $83 range, but confirmation of resuming soybean exports is again supporting expectations for supply and demand.

In semiconductors, Qualcomm was cited as a beneficiary candidate. No contract with a specific amount involving Qualcomm was announced at the talks, but the tariff-cut discussions on about $30 billion of goods were seen as a performance variable. Qualcomm generates 46 percent of its revenue in China, so tariff stabilisation could directly ease pressure on its results.

Qualcomm already mentioned such changes in its earnings release on April 29. Fiscal 2026 second-quarter revenue was $10.6 billion and earnings per share were $2.65, beating market expectations. Management explained that stabilising demand for smartphones in China was a key factor preventing a bigger slump in performance. The stock jumped 15 percent on April 30 and rose to $247 on May 11.

Qualcomm still has headwinds. Apple is gradually pushing a shift to in-house modems, and China is also conducting an antitrust probe related to the acquisition of Autotalks. Even so, renewed attention to the possibility of stabilising China revenue in the latest negotiations has sustained a trend of re-rating it as a China-exposed beneficiary within the semiconductor sector, it said.

The common thread in the talks is the possibility that trade friction between the United States and China may ease somewhat. Boeing is affected through a resumption of aircraft sales, Archer-Daniels-Midland through a recovery in soybean exports and Qualcomm through stabilising China revenue. With China’s Ministry of Commerce formalising its aircraft purchase policy and the White House also confirming expanded agricultural purchases, the market is focusing next on follow-on order sizes, the pace of actual implementation and whether tariff-cut talks are made more concrete, the outlet reported.