**#USChinaTradeTalks – Key Developments**
🇺🇸🇨🇦 **Current Status (June 2024):**
- First cabinet-level talks in 6 months underway
- Focus: Tariff reductions & tech export controls
📊 **Sticking Points:**
• **Semiconductors:** US curbs on advanced chips
• **EVs:** 100% US tariff on Chinese imports
• **TikTok:** Potential forced divestment
💡 **Why It Matters:**
- Global markets sensitive to trade war escalation
- Tech & EV stocks most volatile during negotiations
🔄 **Recent Progress:**
✔ China lifted US agriculture import bans
✔ US considering easing some chip restrictions
#Economy #Geopolitics
*Market Impact: S&P 500 typically sees 3-5% swings around major announcements.*