US‑China Trade Tensions Escalate Amid Tariff and Truce Disputes
In a flurry of trade-related announcements, Chinese officials accused the U.S. of violating a tariff truce while the Trump administration signaled upcoming trade discussions. Market jitters led to falling stocks and prompted retailers to rethink supply chains in response to persistent tariffs.
Sen. Mike Rounds (R-S.D.) said during a May 30 panel that the United States is so interconnected with China that the two economies cannot decouple. Rather, Washington should de-risk from the foreign adversary that is competing in space, AI, and other strategic sectors in a daily race to promote its…
Beijing changed its tone over the weekend, and is now accusing the United States of violating the Geneva agreement.
China accused the U.S. of undermining a trade deal, while President Donald Trump has accused China of violating the deal, less than a month since the two countries reached the agreement
Retailers like Macy's and Target are reducing reliance on China amid Trump's trade war, restructuring supply chains to mitigate tariff impacts and potential price hikes.
The stock slump came as China refuted President Trump’s claim from last week that the nation had “totally violated” a temporary truce reached in Geneva, Switzerland last month to lower tariff rates on one another.
Now host of "The Real Eisman Playbook," Steve Eisman contends Wall Street is underestimating the complexity of ongoing trade negotiations with China and Europe.
But the 90-day tariff pause agreed by China and the U.S. in Geneva in May is now under threat as both sides have accused each other of breaching the terms.
China is pushing back against the U.S. after President Trump accused the country of violating a May 12 trade agreement. CBS News senior business and technology correspondent Jo Ling Kent reports.
The Chinese Commerce Ministry said Monday that recent Trump administration moves, including plans to revoke visas for Chinese students, have violated the trade deal both countries agreed to in Geneva. The statement comes days after President Trump accused China of violating the trade agreement. CBS…
President Trump and Chinese President Xi Jinping haven't spoken since before Mr. Trump took office, but Trump administration officials say a call between the two leaders could happen as soon as this week to discuss the ongoing trade war. It comes as higher steel and aluminum tariffs are scheduled…
China's allegations come after President Trump on Friday accused the Chinese of violating a May 12 trade pact.
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