US President Donald Trump has indicated renewed trade tensions with China, with the argument that Beijing had “violated” a deal to de-escalate rates, at a time when both parties seemed to be in negotiations.
“China, perhaps not surprising for some, has completely violated his agreement with us,” Mr Trump said in a position about his social social platform.
“So far you are Mr. Nice Guy!” He wrote.
The post of the president on Friday arrived hours after the American finance minister Scott Bessent said that commercial conversations with China were “a bit stuck” in an interview with Omroep Fox News.
Two weeks after breakthrough negotiations that resulted in a temporary ceasefire in the trade war between the US and China, Mr. Bessent said that the progress has been slow since then, but said that he expects more conversations in the coming weeks.
The two largest economies in the world had agreed to lower temporarily amazingly high rates they had imposed each other, during a break up to 90 days, after conversations between top officials in Geneva.
Asked for the post on CNBC, the American trade representative Jamieson Greer focused on Beijing for continuing to “slow down and suffocate things like critical minerals”.
He added that the US trade deficit with China remains “huge”, and that Washington did not see great shifts in Beijing’s behavior.
On Thursday, Mr Bessent had suggested that Mr. Trump and his Chinese counterpart, Xi Jinping, could be involved in the situation.
He said that there could eventually be a call between the two leaders.
Liu Pengyu, a spokesperson for the Chinese embassy in Washington, said that China has maintained communication about business with American counterparts since the conversation with American counterparts, but was concerned about American export controls.
“Recently, China repeatedly expressed his concern with the US about the abuse of export control measures in the semiconductor sector and other related practices,” he said in a statement.
“China is once again insisting on the US to immediately correct its incorrect actions, to stop discriminatory restrictions against China and jointly maintain the consensus that is reached during the high -level conversations in Geneva.“
Ninety days break over ‘mutual’ rates
The US and China had agreed to a 90-day break on measures and that rates would be reduced by 115 percent this month, after conversations in Switzerland.
Washington agreed to temporarily reduce his extra rates for Chinese input from 145 percent to 30 percent, while China reduced its added tasks from 125 percent to 10 percent.
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However, the deal did not include rates for cars, steel and aluminum.
The rate level of the US remains higher, because it also includes a 20 percent levy that the Trump government recently imposed on Chinese goods on the alleged role of the country in illegal drug trafficking – a matter with which Beijing has reduced.
The high tariff levels, although still in place, forced a lot of trade between the two countries to come to a standstill, while companies paused shipments to wait until both governments reach an agreement to lower the levies.
Macron takes wipe to us and China
In the meantime, French President Emmanuel Macron said on Friday that the distribution between the US and China was the most important risk that the world was currently confronted.
During the Shangri-la dialog in Singapore, the most important annual defense and safety conference in Asia, he emphasized the need to build new coalitions between Europe and partners in the Indo-Pacific.
The French president followed the leaders of China, Japan and other European countries in recent weeks, in a sign of strategic importance of Southeast Asia in the midst of uncertainties on global supply chains and trade.
“I will be clear, France is a friend and an ally of the United States, and is a friend, and we work together – even if we sometimes disagree and compete – with China,” Mr. Macron said.
He added: “You have to choose a side. If we do that, we will kill the global order, and we will destroy methodically, all the institutions we made after the Second World War to maintain peace and cooperation in the field of health, about climate, about human rights, and so on.”
The French president said that Asia and Europe have a common interest in preventing the disintegration of global order.
“The time for non-lines has undoubtedly been accepted, but the time for coalitions of action has come and requires that countries that are able to act together give themselves all means to do this,” he said.
ABC/wires
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