Tuesday, 10 Jun 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • House
  • White
  • VIDEO
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Colossal
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > China accuses US of ‘seriously violating’ trade truce and vows to respond
Economy

China accuses US of ‘seriously violating’ trade truce and vows to respond

Last updated: June 1, 2025 10:50 pm
Share
China accuses US of ‘seriously violating’ trade truce and vows to respond
SHARE

Unlock the White House Watch newsletter for free

Your guide to what Trump’s second term means for Washington, business and the world

China has accused the US of “seriously violating” a trade truce between the two powers and vowed to take strong measures to defend its interests as tensions reignite.

China and the US agreed during talks in Geneva in early May to a deal that would temporarily reduce their tit-for-tat tariffs, which had soared as high as 145 per cent.

President Donald Trump on Friday claimed that China had “totally violated” the agreement, as US officials grew increasingly frustrated with the tepid pace of rare earth exports across the Pacific since the May 12 agreement.

But on Monday, China’s commerce ministry said it had upheld the deal and accused Washington of introducing “a series of discriminatory and restrictive measures” in recent weeks that undermined the Geneva consensus and harmed “China’s legitimate rights and interests”.

“If the US insists on going its own way and continues to harm China’s interests, China will continue to take strong and resolute measures to safeguard its legitimate rights,” the ministry said.

Among the US actions cited in the statement were warnings against the use of Huawei chips globally, a halt to sales of chip design software to Chinese firms, and the cancellation of visas for Chinese students.

The rise in tensions sent Asian markets down. Hong Kong’s Hang Seng index and Japan’s Nikkei 225 fell 1.5 per cent and 1.3 per cent, respectively. The offshore renminbi weakened 0.1 per cent to 7.21 a dollar. Stock markets in mainland China were closed for a public holiday.

See also  Japan says no plan to threaten Treasuries sale in US trade talks

US officials believed the May 12 deal would unwind China’s export restrictions on rare earths that it unveiled in early April, but China has instead kept its export regime in place while only slowly approving shipments to the US.

The critical minerals are widely used in American auto, electronics and defence supply chains with the slow pace of exports to the US posing a growing threat of work stoppages for US manufacturers.

“The US has unilaterally provoked new trade frictions,” China’s commerce ministry said. “Instead of reflecting on its own actions, it has groundlessly accused China of breaching the consensus,” the ministry added.

Trump told reporters on Friday he hoped to resolve the dispute in a call with Chinese President Xi Jinping, an idea he has floated several times in recent months, but which has yet to come to fruition.

US officials, including Treasury secretary Scott Bessent, on Sunday said they expected the two leaders to speak very soon. Bessent told CBS he was confident Trump and Xi would be able to iron out differences over rare earths in an upcoming phone call. White House officials have said the call should take place this week.

“What China is doing is they are holding back products that are essential for the industrial supply chains of India, of Europe, and that is not what a reliable partner does,” he said.

“The fact that they are withholding some of the products that they agreed to release during our agreement, maybe it’s a glitch in the Chinese system, maybe it’s intentional, we’ll see after the president speaks with the party chairman,” he said.

See also  Shannon Sharpe Vows To Sue Rape Accuser For Defamation

Additional reporting by Arjun Neil Alim

TAGGED:AccusesChinaRespondTradeTruceViolatingVows
Share This Article
Twitter Email Copy Link Print
Previous Article 2-Year-Old Prodigy Joins ‘High IQ’ Club Mensa as Youngest Member Ever : ScienceAlert 2-Year-Old Prodigy Joins ‘High IQ’ Club Mensa as Youngest Member Ever : ScienceAlert
Next Article What’s New on Apple TV+ in June 2025 What’s New on Apple TV+ in June 2025
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

“The Legend Enters the Hall”

Former India and Chennai Super Kings (CSK) star Suresh Raina recently paid tribute to MS…

June 10, 2025

Classroom Deal of the Day: Teachers Save 10% at Nike

Teachers, listen up! If you're in need of some new athletic gear, look no further…

September 7, 2024

Cat Cardiologists, Howard Hughes, Symphony Music, and Economic Growth

The Sign of Economic Growth: Cat Cardiologists and Movie Watching Our beloved cat Theo has…

January 24, 2025

These $90 Abercrombie & Fitch Jeans Feel Like They Cost More

When it comes to finding the perfect pair of jeans, Abercrombie & Fitch has truly…

October 8, 2024

Colorado State Patrol reports Adams County crash, kids hospitalized

On Thanksgiving Day, a serious crash at the intersection of East 120th Avenue and Potomac…

November 29, 2024

You Might Also Like

Wells Fargo says consumer loan growth to stay muted or drop this year
Economy

Wells Fargo says consumer loan growth to stay muted or drop this year

June 10, 2025
Justin Baldoni Fires Back at Blake Lively, Vows to Continue Legal Fight
Entertainment

Justin Baldoni Fires Back at Blake Lively, Vows to Continue Legal Fight

June 10, 2025
A Terrible Track Record on Trade Negotiations
Economy

A Terrible Track Record on Trade Negotiations

June 10, 2025
UK to sanction Israeli ministers Smotrich and Ben-Gvir
Economy

UK to sanction Israeli ministers Smotrich and Ben-Gvir

June 10, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?