China says U.S. violated tariff truce as trade war heats up
CBSN
China on Monday said the Trump administration is undermining the temporary May 12 trade agreement between the two nations by issuing AI chip export control guidelines, stopping the sale of chip design software to China and by planning to revoke Chinese student visas.
The Trump administration's actions "seriously undermine the existing consensus reached at the Geneva economic and trade talks, and seriously damage China's legitimate rights and interests," China's Commerce Ministry said in the June 2 statement.
China's claims come after President Trump on Friday said that Beijing is violating a trade agreement with the U.S., just weeks after the two countries announced on May 12 a temporary but significant easing of tariffs imposed on each other's imports earlier in the year. The escalation of rhetoric heightens concerns that the two largest global economies may encounter further stumbling blocks as they pursue trade negotiations, experts say.
