China Refutes US Claims of Violating Trade Agreement Amid Rising Tensions - PRESS AI WORLD
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China Refutes US Claims of Violating Trade Agreement Amid Rising Tensions

Credited from: INDIATIMES

  • China firmly rejects US claims of violating the recent trade agreement.
  • The US is accused of introducing restrictive measures that undermine the consensus.
  • President Trump has threatened to escalate tensions amid ongoing disputes over trade practices.
  • China warns of retaliation if the US continues its "wrong practices".
  • Concerns grow over the stability of US-China economic relations amid trade negotiations.

China has strongly rejected accusations from the United States that it has violated a recently negotiated trade agreement, insisting that it is the US that has undermined the deal through various restrictive measures. This agreement, reached in May, aimed to reduce tariffs on both sides over a 90-day period amid rising trade tensions between the world's two largest economies, according to Channel News Asia and India Times.

In response to US allegations, China's Ministry of Commerce stated that the US has introduced "multiple discriminatory restrictive measures," specifically highlighting export controls on AI chips, halting sales of chip design software, and plans to revoke visas for Chinese students as breaches of the agreement's spirit, as reported by CBS News and Los Angeles Times.

President Trump has stated that China "totally violated" the agreement, expressing frustration over what he perceives as China's slow compliance. He has suggested that he will soon discuss these issues with Chinese President Xi Jinping in hopes of resolving the ongoing disputes, while the Treasury Secretary Scott Bessent also acknowledged that discussions between the two leaders could be imminent, according to The New York Times and South China Morning Post.

China's Ministry of Commerce has warned that if the US continues down this path and does not change its approach, it will take resolute measures to protect its legitimate rights and interests. This includes responding to what they view as "extreme measures" from the US that severely undermine the trade agreement reached in Geneva, as noted by Newsweek and The Hill.

The increasing back-and-forth accusations highlight the fragile nature of the trade relationship between the US and China, raising concerns among businesses and investors regarding the stability of bilateral economic relations, underscored by South China Morning Post and South China Morning Post.

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