China’s Commerce Ministry firmly denied accusations by U.S. President Donald Trump that it violated a recent trade agreement signed in Geneva. In a statement released Monday, the ministry said China had “seriously taken, strictly implemented, and actively upheld” the consensus reached during the Geneva talks with the U.S.
The ministry criticized Washington for making “bogus charges” and said the accusations were “seriously contrary to the facts.” The statement added, “China firmly rejects these unreasonable accusations.”
Trump had accused Beijing last week of breaching several aspects of the Geneva agreement, though he did not provide specific details. The Geneva deal led to a mutual reduction in trade tariffs, but tensions between the two economic giants remain high.
China has frequently pushed back against the U.S.'s recent export restrictions on its chipmaking sector, stating that these moves directly undermine the Geneva pact. The Ministry of Commerce reiterated that such controls were not only unfair but risked destabilizing the progress made in trade relations.
U.S.-China trade negotiations have reportedly stalled, prompting speculation that a direct conversation between Trump and Chinese President Xi Jinping may be necessary to break the deadlock.
The year has seen a sharp escalation in trade hostilities, with the U.S. initiating steep tariffs on Chinese imports, prompting swift retaliatory duties from Beijing. While the Geneva agreement marked a temporary thaw with reduced tariffs, duties remain significantly higher than historic norms.
Recent economic indicators also highlight the ongoing impact of these tariffs on China’s manufacturing and export sectors, adding pressure to an already fragile economic recovery.
The continued dispute signals prolonged uncertainty in global markets, with both nations locked in a complex struggle for economic leverage.