Trade Pact Under Threat? - Trump and China Exchanging Verbal Aggression - Trump and China Engage in Dispute
The Heated Exchange: US-China Trade Deal on the Brink
In the midst of the ongoing skirmish between economic heavyweights, China and the USA, both parties have launched fresh barbs. This spat erupts after President Donald Trump claimed China failed to honor the terms of their late-May agreement in Geneva, concerning the trade dispute. Subsequently, Beijing lashed back, slamming the USA for its escalating restrictions on AI chips, chip design software, and visas for Chinese students.
Trump's team accused China of playing dirty, while the Chinese Ministry of Commerce retorted that the US side was finger-pointing without examining its own actions vigilantly.
Presidential Feud
The past few weeks have seen a rollercoaster in US-China relations over the trade dispute. Reaching a compromise in mid-May, both nations agreed to scale down tariffs for a 90-day period, with the U.S. dropping tariffs on Chinese imports from 145% to 30%, and China lowering tariffs on U.S. goods from 125% to 10%.
At the time, Trump celebrated China’s promised opened doorstep but, in recent days, has hardened his stance against China. He claimed on his Truth Social platform that China has skipped out on the deal, stating, "Sadly, China has completely shattered its pledge with us." He didn’t elaborate on the nature of the alleged breach.
ChinaDonald TrumpUSATrade DisputeBeijingUS PresidentTrade WarGeneva AccordTechnology Restrictions
- The intense trade dispute between the USA and China, as depicted in the Geneva Accord, has escalated recently, with both nations accusing each other of violating the agreement's terms, amidst the ongoing political tussle.
- As the trade war heats up, President Donald Trump has criticized China for allegedly breaching the trade deal, while Beijing has responded by pointing fingers at the USA for escalating restrictions on technologies, AI chips, and visas for Chinese students.
