US President Donald Trump announced today that China is not respecting the terms of a bilateral agreement to ease relations in order to lower tariffs, which the two countries agreed on in Geneva two weeks ago.
"Without much surprise, China has completely broken the deal," Trump said in a message on his social network Truth Social, without specifying what Beijing had done.
US Treasury Secretary Scott Besant said trade negotiations between the two sides were "at a standstill".
Officials from the United States (US) and China announced on May 12 that they had reached an agreement to both cancel most of the import tariffs they had already imposed for 90 days, in order to continue negotiations to resolve their trade dispute.
US Trade Representative Jamieson Greer and Treasury Secretary Scott Besant announced in Geneva that both the US and China had reduced tariff rates by 115 percent, leaving a 30 percent tariff on Chinese goods coming to the US and a mere 10 percent on American goods coming to China.
Besant and Greer said the two sides have scheduled meetings to continue negotiations on the two countries' trade issues.
US President Donald Trump raised tariffs on Chinese goods to 145% in April, to which China responded by increasing tariffs on imports of American goods to 125%.
Such high tariffs have led to mutual boycotts of goods, disrupting trade, which last year was worth more than $660 billion.
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