China Says U.S. 'Seriously Undermined' Trade Truce
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“These practices seriously violate the consensus,” the Commerce Ministry said in a statement, referring to a China-U.S. joint statement in which the United States and China agreed to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies.
Beijing, China on Monday hit back at the US, accusing it of seriously violating their recent Geneva trade truce by introducing multiple restrictive measures like AI chip export control guidelines, stopping the sale of chip design software to China and revoking visas for Chinese students.
A one-two punch from the United States risks shattering the already fragile trade war truce between Washington and Beijing, with Chinese tech companies and students both dealt shock blows by the Trump administration Wednesday night.
Beijing has infuriated Trump officials by failing to loosen its crackdown on exports of seven “heavy” rare earth metals which are essential for gadgets like smartphones and electric cars as well
President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.
Trade talks between the US and China are "a bit stalled", the US Treasury Secretary Scott Bessent has said. His comment comes less than three weeks after a temporary trade truce was agreed between the world's two largest economies,
Just weeks after US President Donald Trump declared a “total reset” with China following a trade truce in Geneva, tensions are rising again between the world’s biggest economies.
Just two-and-a-half weeks after agreeing to suspend tariffs, both countries are using export controls to disrupt each other’s key industries.