China says that the United States has violated the tariff truce with a rise in commercial temperatures

China said on Monday that the Trump administration is undermining the temporary May 12, Trade Agreement Between the two countries by issuing instructions to control the export of artificial intelligence chips, stop selling chips design programs to China and planning Cancellation of Chinese student visas.

The Trump administration’s actions “seriously undermine the current consensus that has been reached in the economic and commercial talks in Geneva, and seriously damage the law and legitimate interests of China,” the Ministry of Trade in China He said In the June 2 statement.

China’s claims come after President Trump said on Friday that Beijing is violating a trade agreement with the United States, just weeks after the two countries were announced on May 12 Temporary but important dilution Among the definitions imposed on each other’s imports earlier in the year. Experts say the row of discourse increases the fears that the largest of the global economy may face more obstacles while pursuing commercial negotiations.

“The new hostilities between the United States and China show that many of the questions that were left were suspended after the Geneva stopped in mid -May, still do not have satisfactory answers,” said Arthur Krohper, a Chinese analyst at Bodcal Research. “It is not clear whether he runs US trade policy, President Donald Trump, his commercial negotiators, or the national security team.”

He added: “The comprehensive goals of the commercial aggression, unlike the width of raw energy, are always confused.”

Meanwhile, Treasury Secretary Scott Pessant said on Sunday that he was “confident” of the trade conflict of the United States and China “will be heated” when Mr. Trump and Chinese President Xi Jinping holds a conversation. “I think we’ll see something very soon,” “Facing the nation with Margaret Brennan“

Wall Street was less on Monday amid renewed fears of a trade -off commercial war between nations. The S&P 500 decreased 10 points, or 0.2 %, to 5,901, while the average Dow Jones Industrial decreased by 0.4 % and the nasdaq boat decreased in NASDAQ 0.1 %.

May 12 is a tariff

May 12 deal It lasts 90 daysCreate time for us and the Chinese negotiators to reach a more fundamental agreement. But the temporary suspension still leaves the definitions higher by Mr. Trump I started to nominate them last month. Companies and investors must also face uncertainty about whether the truce will continue.

The American commercial actor, Jameson Jarir, said that the United States agreed to drop the tax imposed by Mr. Trump by 145 % on China to 30 %. China has agreed to reduce the customs tariff rate on American goods to 10 % of 125 %.

On Monday, the Ministry of Commerce said that China had held the end of the deal, the cancellation or suspension of the customs tariffs and the non -taken measures against the American “mutual definitions” after the agreement. However, it claimed that the Trump administration “raised” new economic and commercial frictions from one side and exacerbated uncertainty and instability “in commercial relations between the two countries, noting restrictions on exports of artificial intelligence chips and chips design programs to China.

The statement also determined the Trump administration’s threat to abstract visas away from Chinese students studying in American universities as undermining the trade agreement between countries.

The Trump administration climbed the clash with China last week, announcing it will start Canceling visas for Chinese students On the American campus, it hosts more than 275,000 students from China.

Experts added that the unrest between the United States and China raises economic risks, given the ties between the two countries and their importance in global trade.

“If the United States and China are completely separated in another raid of escalating definitions, it will be a really big for the global economy,” Karl Winberg, chief economist in high -frequency economies, told clients. “The demand for industrial goods will decrease. The supply chains that extend to multiple limits will close.”

Associated Press

He contributed to this report.