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Friction over alleged trade deal violations

Friction over alleged trade deal violations

The Star2 days ago

The nation said it 'firmly rejects' US claims that it had violated a sweeping tariffs deal, as tensions between the two economic superpowers showed signs of ratcheting back up.
Beijing and Washington last month agreed to slash staggeringly high tariffs on each other for 90 days after talks between top officials in Geneva.
But top Washington officials last week accused China of violating the deal, with Commerce Secretary Howard Lutnick saying Beijing was 'slow-rolling' the agreement in comments to Fox News Sunday.
China 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.
Beijing's commerce ministry said it 'has been firm in safeguarding its rights and interests, and sincere in implementing the consensus'.
It fired back that Washington 'has successively introduced a number of discriminatory restrictive measures against China' since the Geneva talks.
The ministry cited export controls on artificial intelligence chips, curbs on the sale of chip design software and the revocation of 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. — AFP

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