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Analysts at Deutsche Bank notes that in the US, trade tensions with China are resurfacing ahead of next weeks’ trade talks (the 3rd round) as overnight, the White House said a final list of tariffs on $50bn of Chinese imports will be released by  15 June  and the tariffs will be imposed “shortly thereafter”.

Key Quotes

“Further, new restrictions on Chinese investments will be announced by  June 30  and also implemented shortly after. On the other side, China’s Commerce Ministry said the US announcement was both surprising and within expectations, but China is “confident”¦.and has the experience to protect its interests”.”