Trump Accuses China of Violating Tariff Truce
Former US President Donald Trump has accused China of breaching a recent agreement to reduce tariffs, raising concerns about renewed trade tensions between the two economic giants.
Accusations of Non-Compliance
Trump claimed China had "totally violated" the agreement, though specific details were not provided. US Trade Representative Jamieson Greer added that China had been slow in removing non-tariff barriers. Beijing has yet to officially respond.
Background: Temporary Tariff Reduction
The accusation follows a temporary lowering of tariffs agreed upon in Geneva earlier in the month.
US Concerns Over Countermeasures
Greer highlighted that China's countermeasures, including blacklisting US companies and restricting rare earth materials, have not been fully rolled back. The US is closely monitoring China's compliance with the deal.
Legal Challenges and Visa Revocations
Trump's tariff policies have faced legal challenges, with a court ruling against his authority, though this has been temporarily suspended pending appeal. The US has also moved to revoke visas of Chinese students.
Ongoing Negotiations
Despite these tensions, US Treasury Secretary Scott Bessent indicated that trade talks are ongoing, and a call between President Trump and Chinese President Xi Jinping may occur.
Previous Tariff Reductions
The original agreement involved the US lowering tariffs on Chinese goods from 145% to 30%, and China reducing tariffs on US goods from 125% to 10%.
