China has accused the US of breaching a recently agreed pause to the trade war, disrupting a fragile detente established less than a month prior. After a 90-day pause on tariffs initiated on May 12, US-China trade negotiations have stalled, with the US alleging China has not fulfilled promises regarding the export of critical minerals. The US Treasury Secretary criticized China's export restrictions as damaging to global supply chains. In turn, China has retaliated, claiming the US has enacted discriminatory measures, threatening to undermine agreements made in earlier bilateral talks.
China has accused the US of seriously violating the fragile US-China detente that has been in place for less than a month since the two countries agreed to pause the trade war.
Scott Bessent, US Treasury Secretary, indicated that China is not acting as a reliable partner, failing to deliver essential products needed for global supply chains.
The restrictions on rare earth minerals and magnets by China were anticipated to be eased following the agreement on May 12, but delivery has been inadequate.
China retaliated by accusing the US of violating agreements made in Geneva, claiming the introduction of discriminatory measures against China undermines the earlier consensus.
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