#TrumpTariffs
📉 China–U.S. Trade War: Key Updates
🔹 Diplomacy & Negotiations
Trump and Xi held a 90-minute call — talks were constructive but no breakthrough yet.
Next round of U.S.–China trade talks set for June 9 in London.
🔹 Trade Actions
China issued rare earth export licenses to U.S. automaker suppliers — a move to ease specific pressure points.
Trump is expected to extend the TikTok sale/ban deadline beyond June 19.
The U.S. stopped short of labeling China a currency manipulator, but criticized lack of transparency.
🔹 Market & Business Impact
Chinese markets dropped sharply amid rising geopolitical tension.
U.S. market: SPY ETF closed at $599.14 on June 6.
China tightened export controls on rare earths and tech components, escalating supply chain concerns.
