
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 that risked upending the global economy, writes The Guardian.
"China and the US agreed on 12 May to pause for 90 days the skyrocketing "reciprocal" tariffs that both countries had placed on the others goods in a frenzied trade war that started a few weeks earlier. Tariffs had reached 125% on each side, which officials feared amounted to virtual embargo on trade between the world`s two biggest economies.
Donald Trump had hailed the pause as a "total reset" of US-China relations. But since then, trade negotiations have faltered, with the US complaining that China has not delivered on promises to roll back restrictions on the export of key critical minerals to the US. The US president said on Friday that China had "totally violated" the agreement.
The US Treasury secretary, Scott Bessent, said on Sunday: "What China is doing is they are holding back products that are essential for the industrial supply chains of India, of Europe. And that is not what a reliable partner does".