
China says 'firmly rejects' US claim of violating tariff deal
BEIJING - China said Monday it "firmly rejects" claims by the United States that it had violated a deal to lower crippling tariffs between the world's two largest economies.
Beijing and Washington last month agreed to temporarily slash staggeringly high levies on each other for 90 days after talks between top officials in Geneva.
But US Commerce Secretary Howard Lutnick said Beijing was "slow-rolling the deal", in comments to "Fox News Sunday".
Beijing hit back Monday, saying Washington "has made bogus charges and unreasonably accused China of violating the consensus, which is seriously contrary to the facts".
"China firmly rejects these unreasonable accusations," its commerce ministry said in a statement.
US President Donald Trump said last week that China had "totally violated" the deal, without providing details.
But Beijing's commerce ministry said it "has been firm in safeguarding its rights and interests, and sincere in implementing the consensus".
Washington "has successively introduced a number of discriminatory restrictive measures against China", it said, citing export controls on artificial intelligence chips and revoking Chinese student visas in the United States.
"We urge the US to meet China halfway, immediately correct its wrongful actions, and jointly uphold the consensus from the Geneva trade talks," the ministry said.
If not, "China will continue to resolutely take strong measures to uphold its legitimate rights and interests," it added.

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Daily Maverick
an hour ago
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In 1987, Morris Chang, who had moved to the US and became vice-president of Texas Instruments, specialising in semiconductors, was persuaded by the Taiwanese government to come home and establish TSMC. His inspiration was to found a company which made semiconductor chips on contract for other companies which designed them. It was a brilliant formula, creating a unique market niche which soon made TSMC the largest semiconductor manufacturer in the world. Comprehensive ecosystem Today, the park hosts more than 630 companies, more than 80 of them foreign, producing advanced products in six industries – integrated circuits, opto-electronics, biotech, machinery, PCs and telecoms. The companies employ more than 178,000 people and last year collectively earned revenue of $47-billion. The park hosts seven universities with 60,000 students, 9,000 of them PhDs, and eight labs. It is, as Huang put it, a comprehensive ecosystem for the incubation of hi-tech products, where companies and their suppliers, as well as universities, labs and research institutions, and government departments, are all within easy reach of one another. Hsinchu Science Park has also inspired the creation of 20 more science parks in Taiwan, hosting more than 1,100 companies, employing 328,000 people and earning $148-billion in revenues in 2024 – or about 18% of Taiwan's GDP. Hsinchu Science Park in particular has incubated household names such as Mediatek, a market leader in complex 'SoC' (system on a chip) for products such as mobile devices, home entertainment, connectivity and IoT ( Internet of Things); Realtek, a leading integrated circuit design house for AI, SoC, and other electronic solutions; and CytoAurora, global leader in single cell research and application platforms. The semiconductor industry is indeed an extremely complex ecosystem of interdependencies, domestically and globally, which any kind of military interference is very likely to destroy. That might just be Taiwan's strongest insurance policy. DM


eNCA
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