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: 2025.06.10
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US-China trade talks to continue on Tuesday in London - Bloomberg
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US-China trade talks to continue on Tuesday in London - Bloomberg
New
2025.06.10 08:24
2025.06.10 08:24
2025.06.10 08:24
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
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.
An economic conflict between the United States (US) and China began early in 2018, when President Donald Trump set trade barriers on China, claiming unfair commercial practices and intellectual property theft from the Asian giant. China took retaliatory action, imposing tariffs on multiple US goods, such as automobiles and soybeans. Tensions escalated until the two countries signed the US-China Phase One trade deal in January 2020. The agreement required structural reforms and other changes to China's economic and trade regime and pretended to restore stability and trust between the two nations. However, the Coronavirus pandemic took the focus out of the conflict. Yet, it is worth mentioning that President Joe Biden, who took office after Trump, kept tariffs in place and even added some additional levies.
The return of Donald Trump to the White House as the 47th US President has sparked a fresh wave of tensions between the two countries. During the 2024 election campaign, Trump pledged to impose 60% tariffs on China once he returned to office, which he did on January 20, 2025. With Trump back, the US-China trade war is meant to resume where it was left, with tit-for-tat policies affecting the global economic landscape amid disruptions in global supply chains, resulting in a reduction in spending, particularly investment, and directly feeding into the Consumer Price Index inflation.
Last updated
: 2025.06.10
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2025.06.10 13:28
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AUD/JPY jumps to near 94.50 as investors lack clarity on BoJ's monetary policy outlook
The AUD/JPY pair climbs to near 94.50 during Asian trading hours, extending its winning streak for the are fourth trading day on Tuesday.
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2025.06.10 14:08EUR/GBP consolidates above 0.8400 mark, looks to UK jobs data for fresh impetus
The EUR/GBP cross ticks lower during the Asian session on Tuesday, though it lacks follow-through and remains confined in a familiar range held over the past week or so.
New
2025.06.10 13:59USD/CHF holds positive ground above 0.8200, eyes on US-China trade talks
The USD/CHF pair trades in positive territory around 0.8225 during the Asian trading hours on Tuesday. The optimism over the resumption of US-China trade talks provides some support for the Greenback. The US Consumer Price Index (CPI) report for May will be in the spotlight on Wednesday.
New
2025.06.10 13:52Gold price drops to $3,300 neighborhood amid modest USD strength
Gold price (XAU/USD) attracts fresh sellers during the Asian session on Tuesday and drops to the $3,300 neighborhood in the last hour, closer to a one-week low touched the previous day.
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2025.06.10 13:36India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
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2025.06.10 13:35USD/CAD treads water above 1.3700 as tariff tensions ease following US-China meeting
USD/CAD extends its winning streak for the third successive session, trading around 1.3700 during the Asian hours on Tuesday. The pair appreciates as the US Dollar (USD) gains ground as market sentiment improves amid easing tariff war tensions between the United States and China.
New
2025.06.10 13:32USD/INR falls at open while US-China trade talks enter second day
The Indian Rupee extends its winning streak against the US Dollar (USD) for the fourth trading day on Tuesday. The USD/INR pair ticks down to near 85.55 after opening, even as the US Dollar edges higher during Asian trading hours.
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2025.06.10 13:28WTI drifts higher above $64.50 on US-China trade talk hopes
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $64.65 during the Asian trading hours on Tuesday. The WTI price climbs to nearly seven-week highs, bolstered by a potential trade deal and a weaker US Dollar (USD).
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2025.06.10 13:01GBP/USD Price Forecast: Hovers around 1.3550, support appears near nine-day EMA
The GBP/USD pair retraces its recent gains, trading around 1.3540 during Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias as the pair moves upwards within an ascending channel pattern.
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2025.06.10 12:54EUR/USD slips below 1.1400 mark amid notable USD strength, downside seems limited
The EUR/USD pair struggles to capitalize on the previous day's move higher and attracts fresh sellers near the 1.1435 region during the Asian session on Tuesday.
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2025.06.10 12:13Disclaimer:
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