China and the United States are accusing each other of reneging on their tariff truce as tensions rise over rare earths exports, computer chips and student visas.

Monday fell by -0.58% and posted a 1-1/4 month low. Escalation of US-China trade tensions has led to a selloff of the US dollar after China accused the US of violating their recent trade deal by unilaterally introducing new discriminatory restrictions.

China’s ‘resolve to safeguard its national sovereignty and territorial integrity remains steadfast,’ says Foreign Ministry - Anadolu Ajansı

New American ambassador David Perdue says he shares Trump’s priorities for ties after meeting Chinese foreign vice-minister.

The number of American students studying in China has also dropped sharply, falling from about 11,000 in 2019 to around 800 in 2024, according to the State Department and other reports. The latest efforts by the administration to restrict visas for Chinese students has shifted the mood on university campuses, too.

New research finds that Americans who primarily get news from online and social media platforms have lower levels of hostility toward China.

Trump’s latest export controls seen as ‘clear escalation’ since Switzerland talks, while Beijing clings to its dominance over critical minerals.

Beijing said the decision to “aggressively” revoke Chinese student visas would “damage the image and reputation of the U.S.”

U.S.-China trade talks are up in the air today amid mixed signals from both sides. A call between President Donald Trump and Chinese President Xi Jinping is still possible — which would be their first since he took office again.