China: US Violates Tariff Truce

Beijing: China on Monday hit back at the US, accusing it of seriously violating their recent Geneva trade truce by introducing multiple restrictive measures like AI chip export control guidelines, stopping the sale of chip design software to China and revoking visas for Chinese students. These actions severely violated the consensus reached during a phone call between the two heads of state on Jan. 17, the statement said. Both the US and China agreed to lower tit-for-tat tariffs after talks last month in Geneva.