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China is threatening to hit back hard after accusing the United States of tearing up a trade truce both countries agreed to in early May. The warning came Monday from Beijing’s commerce ministry, which said Washington had “seriously violated” the Geneva deal that was supposed to bring some temporary calm to the economic fight between the two powers. According to a report from the Financial Times, China now says it’s ready to take “strong and resolute measures” if the US keeps pressing ahead with what Beijing calls “discriminatory and restrictive moves.” The truce, reached during meetings in Geneva, aimed to reduce the escalating tariffs that had shot up to as high as 145%. But only weeks after the May 12 agreement, that fragile calm is already falling apart. Donald Trump told reporters on Friday that China had “totally violated” the agreement, pointing to what US officials say is a frustratingly slow flow of rare earth exports out of the country. China holds rare earths, blames US for new friction Beijing hasn’t eased the restrictions on its rare earth exports that were put in place back in April. Those exports are critical to US manufacturing, especially for the automotive, electronics, and defense industries. With China dragging its feet on approvals, factories in the US are now warning about possible work stoppages. Trump expected the Geneva deal to unlock those shipments—but China has other ideas. The commerce ministry says the real problem is the string of new actions the US has taken since the deal was signed. The ministry specifically cited the global warning against Huawei chips, a ban on sales of chip design software to Chinese firms, and the cancellation of visas for Chinese students. In a statement, it said, “If the US insists on going its own way and continues…

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Filed under: News - @ June 2, 2025 6:24 am