Trade Turmoil: US-China Agreement Under Strain
The US-China trade relationship faces renewed tension as China accuses the US of violating a truce by imposing restrictive measures, including AI chip export controls and student visa revocations. Despite previously agreed tariff reductions under a Geneva pact, uncertainty looms over bilateral economic ties.
- Country:
- China
On Monday, China accused the United States of breaching a recently brokered Geneva trade truce. The US's restrictive actions, like imposing AI chip export controls and revoking student visas, allegedly contravene agreed terms, according to China's Commerce Ministry.
The crisis escalated after President Trump accused China of breaking the agreement, leading to further tit-for-tat measures that threaten the fragile economic peace established during last month's negotiations.
Despite efforts to lower tariffs from both sides, US officials reiterated claims that China has failed to dismantle specific non-tariff barriers. This renewed friction raises fears of a fresh escalation in US-China trade tensions.
(With inputs from agencies.)
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