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yesterday

US and China Exchange Accusations Over 90-Day Trade Truce

Beijing rejects US breach claims, promising forceful countermeasures following Washington’s new AI chip export controls and visa revocations.

U.S. Secretary of the Treasury Scott Bessent speaks with with Liao Min, Deputy Minister of Finance of China, during a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 11, 2025. KEYSTONE/EDA/Martial Trezzini/Handout via REUTERS/File Photo
The U.S. and Chinese flags are seen on the day of a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 10, 2025. KEYSTONE/EDA/Martial Trezzini/Handout via REUTERS/File Photo
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Overview

  • May’s Geneva talks yielded a 90-day tariff suspension now in jeopardy as Washington accuses Beijing of ‘slow-rolling’ agreed cuts.
  • US Commerce Secretary Howard Lutnick and President Trump have asserted that China ‘totally violated’ the tariff pact without detailing specific breaches.
  • China’s Ministry of Commerce issued a statement calling the US allegations baseless and critiquing Washington’s discriminatory restrictions.
  • The Trump administration has introduced AI chip export guidelines, curbed chip-design software sales to China and begun revoking visas for Chinese students.
  • Both capitals have threatened further retaliation if the other side maintains its measures, and US officials are weighing a Trump-Xi call to resolve the impasse.