China Accuses US of Provoking Trade Frictions After Geneva Truce

Tensions between the United States and China have escalated following a recent trade truce reached in Geneva, as both sides accuse each other of violating the agreement. China’s Commerce Ministry condemned the U.S. for provoking new economic and trade frictions, particularly criticizing American export controls on technology and rare earth minerals, which are crucial for electronics and military applications. President Donald Trump accused China of totally violating the deal, expressing frustration over Beijing’s refusal to ease export restrictions. In response to U.S. measures, including visa revocations for Chinese students and restrictions on chip design software sales, China warned it would take resolute actions to protect its interests. These developments have heightened global market uncertainty, especially in the semiconductor sector, with investors bracing for potential trade escalations and increased volatility. Beyond trade, diplomatic tensions have grown, exemplified by sharp exchanges over security concerns in the Asia-Pacific region, including Taiwan, as highlighted by recent comments from U.S. and Chinese officials.