Trump Admin Set To Bar Chinese Passenger Planes To US Tyler Durden Wed, 06/03/2020 - 10:01 Update (1009ET): A statement from the Transportation Department confirms Wednesday morning that it will suspend Chinese passenger flights to the US starting June 16. Reuters' David Shepardson tweeted the "Transportation Department filing confirms" the Reuters report. Transportation Department filing confirms https://twitter.com/Reuters?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); scoop https://t.co/5CgVch3U9O pic.twitter.com/PeTVDGiLAr — davidshepardson (@davidshepardson) https://twitter.com/davidshepardson/status/1268182076160913408?ref_src=twsrc%5Etfw!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); At the moment, E-mini S&P500 futures are ignoring headlines... * * * As tensions soar between the US and China, Reuters reports that in the next escalation, President Trump's administration is set to bar Chinese passenger airlines from flying to the US starting in mid-June as geopolitical tensions continue to flare up between the two nations. 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. Relations between both countries has taken a turn for the worse following the virus pandemic, a breakdown in the trade deal, the fate of Hong Kong, continued decoupling of financial markets, and technology war.