$BTC
7 June 2024
Here’s a short summary of key China–U.S. trade war updates
🔹 Diplomacy & Negotiations
Trump and Xi held a 90 Minutes call; discussions were constructive but unresolved.
U.S.–China trade talks to resume June 9 in London.
🔹 Trade Actions
China issued rare earth export licenses to U.S. automakers’ suppliers.
Trump likely to extend TikTok sale/ban deadline past June 19.
U.S. did not label China a currency manipulator, but criticized its currency transparency.
🔹 Market & Business Impact
The Chinese stock market dropped sharply amid tensions.
U.S. market (SPY ETF) closed at $599.14 on June 6.
China tightened export controls on rare earths and some tech items.