U.S.-China Trade War Heats Up Again: China Accuses US of Violating Truce

U.S.-China Trade War Escalates: China Accuses U.S. of Violating Truce The U.S.-China trade war has taken a sharp turn, with China accusing the United States of seriously violating a recent agreement to slash tariffs. This escalation comes just three weeks after both countries agreed to reduce tariffs by 115% for 90 days. The news has sent shockwaves through Wall Street, with major indices experiencing significant declines in overnight trading. China's claims center around several alleged violations by the U.S., including the revocation of visas from Chinese students. "The U.S. has seriously violated the trade truce in several ways," a Chinese official stated, although specifics were not immediately available. President Trump also acknowledged the violation of the truce but did not elaborate on the details. The situation underscores the fragility of the trade truce and the continued volatility in the U.S.-China trade relationship. The market reaction highlights the significant economic consequences of these escalating tensions. The coming days and weeks will be critical in determining the next steps in this ongoing trade dispute.