China Says U.S. 'Seriously Undermined' Trade Truce
Digest more
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.
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.
Commerce secretary cites ‘tenuous ceasefire’ between India and Pakistan as a direct result of American president’s power to intervene.