Part 6/12:
The US government highlighted that these actions violate the spirit and the spirit of a previously agreed-upon arrangement—the Geneva Agreement—signed earlier this year. Under this agreement, both the US and China committed to suspending certain tariffs that exceeded 100%, and China agreed to ease its rare earth export controls, expediting licenses for US companies and maintaining a flow of these essential materials.
Greer pointed out that the US has adhered to the terms of this agreement, but China’s latest expansion represents a clear repudiation of their commitments and a departure from constructive cooperation."It is a breach of trust," he said, adding that the Chinese move was an escalation that undermines ongoing diplomatic efforts.