China rejected Trump’s charges of violating the Geneva Agreeme
China announced Monday that the US preside’s accusation of violating the agreeme in Geneva’s trade negotiations by Beijing is “baseless” and promised to take decisive steps to defend its ierests.
The Chinese Ministry of Commerce’s comme was in response to US Preside Donald Trump’s remarks on Friday, claiming that China had violated a bilateral agreeme to reduce tariffs.
The ministry said China has implemeed and actively supported the agreeme in Geneva last moh, while the United States has taken several “discriminatory and restrictive” actions against China.
The ministry also added that the measures included guidelines to corol the export of artificial ielligence chips, stop the sale of chip design software to China, and the cancellation of Chinese studes’ visas.
“The US governme has unilaterally and repeatedly provoked new economic and commercial tensions and has increased instability and uncertaiy in bilateral economic and commercial relations,” the ministry said in a stateme.
According to Reuters, the ministry did not explain what decisive measures could be taken in response.
Beijing and Washington agreed in Geneva in mid -May to stop the implemeation of three -digit tariffs for five days.
In addition, China had promised to cancel trade retaliation that restricted vital metal exports to the production of semiconductors, electronics and US defense industries.
Trump also announced on Friday that it has doubled the tariff on steel and aluminum imports to 2 %.
Although China is the largest steel manufacturer and exporter in the world, after the 5 % tariff in year 2, its steel exports to the United States have been very small and almost eliminated. China ranks third among aluminum suppliers.
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(tagstotranslate) China -American Business War
