US-China trade talks to continue on Tuesday in London - Bloomberg
NEW YORK (June 9) Trade talks between the United States (US) and China will continue into a second day as the world’s two largest economies look to ease tensions over shipments of technology and rare earth elements, per Bloomberg. The US official stated that the advisers will meet again on Tuesday at 10.00 a.m. in London.
Market reaction
At the time of writing, the AUD/USD pair is trading around 0.6517, up 0.01% on the day.
US-China Trade War FAQs
What does “trade war” mean?
Generally speaking, a trade war is an economic conflict between two or more countries due to extreme protectionism on one end. It implies the creation of trade barriers, such as tariffs, which result in counter-barriers, escalating import costs, and hence the cost of living.
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