China Accuses US of Undermining Geneva Trade Consensus
China Accuses US of Undermining Geneva Trade Consensus

China Accuses US of Undermining Geneva Trade Consensus

News summary

China has accused the United States of severely undermining the economic and trade consensus reached during recent Geneva talks by imposing multiple discriminatory measures, including AI chip export controls, halting sales of chip design software, and revoking visas for Chinese students. Chinese officials assert that China has upheld its commitments by canceling or suspending tariffs on U.S. goods as agreed, while blaming the U.S. for provoking new trade frictions that harm bilateral relations and increase instability. The Chinese Ministry of Commerce emphasized that these U.S. actions violate the January 17 phone call agreement between the two heads of state and distort the facts by accusing China of violations. Despite China's calls for mutual cooperation to maintain and promote stable trade relations, tensions have escalated with U.S. President Donald Trump publicly accusing China of breaking the trade deal, a claim China firmly rejects. The situation reflects a deterioration in U.S.-China trade relations following initial progress in Geneva, with both sides entrenched in blame and unilateral measures. The ongoing dispute highlights challenges in achieving sustained cooperation amid strategic economic and national security concerns.

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Last Updated
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