China denies Trump's trade violations, slams US for provocation
US-China tensions flare up again after Trump accuses China of violating trade agreements; China hits back, saying the US is violating Geneva agreements, saying the US is fueling economic instability
June 2, 2568 at 10.00:XNUMX a.m., CNBC reported that China rejects US accusations of violating Geneva trade agreement Along with accusing the United States of being at fault, it revealed signs that trade talks between the world's two largest economies are getting worse.
Trade tensions between the United States and China have flared up again after a brief lull in a meeting between U.S. Treasury Secretary Scott Bessent and his Chinese counterpart in Geneva, Switzerland, which led to both sides agreeing to suspend tariffs on most goods between them for 90 days.
However, the Trump administration has tightened export controls on semiconductor design software and chemicals used in chip manufacturing to China and announced the revocation of Chinese student visas, which has angered the Chinese government.
Chinese Ministry of Commerce Spokesperson Said thatThese measures seriously undermine the agreements reached in Geneva.
Meanwhile, China continues to tighten controls on rare earth exports, contrary to US expectations.
“The US government has continuously unilaterally provoked new economic and trade conflicts, causing uncertainty and instability in the economic and trade relations between the two countries,” the spokesperson said
last Friday President Donald Trump has accused China on social media of completely violating the initial agreement with the United States. He wrote that “China, which is not surprising to some, has completely violated our agreement! Enough with being nice!”
China hit back on Monday, saying Trump's accusations were seriously contradictory, arguing that China had strictly and earnestly implemented the agreement, including canceling and suspending some tariffs and non-tariff measures announced in April in response to Trump's retaliatory tariffs.
Bessant told Fox News last week that bilateral trade talks were still “seriously stalled” and needed to be talked about directly by the leaders of both countries.
on Sunday Kevin Hassett, Director of the US National Economic Council said Trump and President Xi Jinping could talk trade this week
As tensions between the United States and China escalated beyond trade, the annual Shangri-La Dialogue security summit in Singapore on Saturday. US Secretary of Defense Pete Hegseth Warned that The threat of China's increasing military pressure in the Indo-Pacific region is real and imminent, prompting calls for allies to increase defense spending to counter China.
However, this year, China's defense minister did not attend the meeting, the first time since 2019 that China has not sent a top military official.
refer : cnbc.com
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