Economy

China Accuses U.S. of Undermining Geneva Trade Consensus, Warns of Retaliation

Beijing – China on Monday sharply criticized the United States for undermining the consensus reached during recent economic and trade talks in Geneva, particularly over Washington’s so-called “reciprocal” tariffs policy.

In a statement carried by the Global Times, a spokesperson for China’s Ministry of Commerce rejected U.S. accusations that Beijing had violated the agreement reached during bilateral talks in May. Instead, the spokesperson blamed Washington for backtracking and escalating trade tensions with new restrictions.

According to Beijing, China had honored its side of the agreement by canceling or suspending tariff and non-tariff measures targeting the U.S. But following the talks, the U.S. imposed what China described as “discriminatory” measures—such as export controls on AI chips, a ban on electronic design automation (EDA) software sales, and revoking visas for Chinese students.

“These actions seriously violate the consensus reached during the Jan. 17 call between the two heads of state and damage China’s legitimate rights and interests,” the spokesperson said, emphasizing that China had shown good faith in implementing the Geneva agreement.

China warned that if the U.S. continues its unilateral approach, it will take “strong measures” to defend its economic interests. “China firmly rejects these unwarranted accusations and will not hesitate to act to safeguard its rights,” the statement concluded.

 

 

 

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