BusinessPostCorner.com
No Result
View All Result
Wednesday, July 16, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

China says US has ‘severely violated’ tariffs truce

June 2, 2025
in Business
Reading Time: 2 mins read
A A
0
China says US has ‘severely violated’ tariffs truce
ShareShareShareShareShare

China says the US has “severely violated” their trade truce and will take strong measures to defend its interests.

China’s Ministry of Commerce said Washington has “seriously undermined” the agreement reached during talks in Geneva last month, when both countries lowered tariffs on goods imported from each other.

The spokesperson added that US actions have also severely violated the consensus reached during a phone call in January between China’s leader Xi Jinping and President Donald Trump.

The comments come after comments by Trump on Friday that China had “totally violated its agreement with us”.

The US President did not give details but Trade Representative Jamieson Greer later said China had not been removing non-tariff barriers as agreed under the deal.

Under the trade truce struck in May at a meeting in Geneva, the US lowered tariffs imposed on goods from China from 145% to 30%. China’s retaliatory tariffs on US goods dropped from 125% to 10%.

On Monday, Beijing said US violations of the agreement included stopping sales of computer chip design software to Chinese companies, warning against using chips made by Chinese tech giant Huawei, and cancelling visas for Chinese students.

Meanwhile two top White House officials suggested on Sunday that Trump and Xi could hold talks soon.

Treasury Secretary Bessent told CBS News, the BBC’s US news partner, that details of the trade will be “ironed out” once Xi and Trump speak, but he did not say exactly when that conversation is expected to happen.

National Economic Council Director Kevin Hassett told ABC News that the two leaders are expected to talk this week and “both sides have expressed a willingness to talk”.

“The bottom line is that we’ve got to be ready in case things don’t happen the way we want,” Hassett said of the expected talks.

Last week, Trump announced the US would double its current tariffs on steel and aluminium from 25% to 50%, starting on Wednesday.

Speaking at a rally in Pittsburgh, Pennsylvania on Friday, Trump said the move would help boost the local steel industry and national supply, while reducing reliance on China.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Dow futures dip as Wall Street weighs likelihood of Trump’s latest tariff threat, while U.S. eyes call to resolve China trade snag

Next Post

UK office construction drops to 10-year low

Next Post
UK office construction drops to 10-year low

UK office construction drops to 10-year low

North Korea unconditionally backs Putin’s war in Ukraine during Lavrov visit

North Korea unconditionally backs Putin’s war in Ukraine during Lavrov visit

July 13, 2025
What Linda Yaccarino’s exit from X reveals about chasing the wrong job

What Linda Yaccarino’s exit from X reveals about chasing the wrong job

July 14, 2025
Moscow Exchange to Launch ETHA-Tracking Ethereum Futures Index Fund

Moscow Exchange to Launch ETHA-Tracking Ethereum Futures Index Fund

July 15, 2025
M&A roundup: Meaden & Moore; Platform Accounting expand

M&A roundup: Meaden & Moore; Platform Accounting expand

July 9, 2025
Linda Yaccarino exits X after two years

Linda Yaccarino exits X after two years

July 10, 2025
Amazon’s Prime Day recap missing usual key metric

Amazon’s Prime Day recap missing usual key metric

July 15, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

Moscow Exchange to Launch ETHA-Tracking Ethereum Futures Index Fund

Moscow Exchange to Launch ETHA-Tracking Ethereum Futures Index Fund

July 15, 2025
HMRC does not know how much tax billionaires pay, say MPs

HMRC does not know how much tax billionaires pay, say MPs

July 15, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!