Mon, 02 Jun 2025

Mon, 02 Jun 2025 China says US has 'severely violated' tariffs truce

The comments come after Trump said on Friday that China had "totally violated its agreement with us".

* China claims the US has "severely violated" their trade truce and will take strong measures to defend its interests.
* The Chinese Ministry of Commerce says US actions have undermined the agreement reached during talks in Geneva last month, where both countries lowered tariffs on goods imported from each other.
* China accuses the US of violating a consensus reached between leaders Xi Jinping and Donald Trump in January by imposing non-tariff barriers on Chinese companies.
* Specific examples of alleged US violations include: + Stopping sales of computer chip design software to Chinese companies + Warning against using chips made by Huawei + Cancelling visas for Chinese students
* The trade truce, which was reached in May, saw the US lower tariffs imposed on goods from China from 145% to 30%, while China's retaliatory tariffs dropped from 125% to 10%.
* White House officials suggest that Trump and Xi could hold talks soon to iron out details of the trade agreement.
* However, the Chinese side prefers agreements to be done at a lower level first before they reach the desk of the president.
* The US has announced plans to double tariffs on steel and aluminium from China to 50%, starting on Wednesday, which China views as a violation of their agreement.
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