Trump Admin Bars Chinese Passenger Planes To US
The move by the Trump administration comes in response to China refusing to allow US airlines to resume passenger service in the country. The Trump administration claimed last month that the Chinese government has made it near impossible for US carriers to operate in the country.
The new order banning all Chinese passenger airplanes from US flights is expected to take effect on June 16. More details will be announced in the afternoon hours on Wednesday.
Offshore Yuan has slumped to 7.1253 on the Reuters report.
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