The shares are lower On Monday, the first trading session in June, on renewable commercial tensions.
the Dow Jon’s industrial average 300 points, or 0.6 %, decreased, while the S&P 500 and NASDAQ fell 0.4 % and 0.3 %, respectively.
China said on Monday this president Donald Trump The accusations that Beijing had violated the consensus reached in the commercial talks in Geneva was “baseless”, and promised to take strong measures to protect its interests.
The Ministry of Commerce’s comment was in response to Trump’s comments on Friday that China had violated a bilateral deal to decline in customs tariffs.
The ministry said China was implementing It supported the activity of the agreement last month in Geneva, while the United States has introduced many “discriminatory discrimination” measures against China.
The ministry said in a statement, “The United States government has sparked unilateral and frequent economic and commercial frictions, which has exacerbated uncertainty and instability in bilateral economic and trade relations,” the ministry said in a statement.
On Friday, Trump announced the doubling of the tariff for steel and aluminum to 50 %.
While China is the largest producer and source in the world, it only charges very little from the United States after it closed a 25 % tariff in 2018 most Chinese steel outside the market. China ranks third among aluminum suppliers.
Reuters contributed to this report
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