The USA blames China to violate their recent trade agreement and threatens to take measures to defend its interests, according to a Bloomberg report.
More specifically, the Chinese Ministry of Commerce announced today (2.6.2025) in which it condemned US President Donald Trump’s claim that Beijing violated the consensus reached in Geneva last month.
The controversy threatened to overthrow trade, even when Trump expressed hope on Friday that he would speak with Chinese President Xi Jing, with White House financial adviser Kevin Hasset, expecting the phone call this week.
Beijing has accused the US of unilaterally introduced new restrictions that are introducing discrimination, including new guidelines for artificial intelligence export controls, restrictions on chip software sales in China and recall of visa Chinese students.
“If the US insists on their own path and continue to harm China’s interests, China will continue to take decisive and dynamic measures to secure its legal rights and interests,” the ministry said. He also said that the US violated the consensus reached between Trump and Si on January 17, when they last spoken, without giving more clarifications.
The Asian shares retreated along with the contracts of future deduction of the US brokerage indicators, with the Chinese stock index negotiating in Hong Kong to drop up to 2.9%, the largest percentage of almost two months.
Tensions among the world’s largest economies peak again after defrosting duties in May. The Trump government said last week that it is planning to start recalling visas for Chinese students, while limiting the sale of chip design software to China. They have also banned the export of critical US aircraft components and aircraft technology to China, the New York Times said.
In addition to pressures on economic ties, geopolitical friction is increased. The Chinese Foreign Ministry protested over the weekend for US Secretary of Defense Pitt Hegshez’s claim at a meeting of military leaders that China is an immediate threat to Taiwan, a self -governing island claiming Beijing.
Trump did not clarify details when he accused Beijing on Friday of violating the tariff truce, but US trading representative Jameson Green complained that China had not accelerated the exports of critical minerals required for cutting -edge products.
China has relaxed control of rare land exports in the last week at a pace that is “slower than industry would like,” said Michael Hart, president of the US Chamber of Commerce in China.
In its statement, the Ministry of Commerce said it “decisively rejects” the US allegations and that the country has strictly and honestly implemented consensus.