China on Monday countered President Donald Trump’s earlier remarks that the nation had violated the commerce truce struck between Washington and Beijing final month in Geneva, saying the U.S. had launched measures that «severely undermine» their deal.

In line with a translation, a Chinese language Ministry of Commerce spokesperson vowed to «take resolute and forceful measures to safeguard its official rights and pursuits.» The spokesperson stated that following final month’s Geneva talks, the U.S. had «successively launched numerous discriminatory restrictive measures in opposition to China, together with issuing export management tips for AI chips, stopping the sale of chip design software program (EDA) to China, and saying the revocation of Chinese language pupil visas.»

«These practices severely violate the consensus reached by the 2 heads of state on January 17, severely undermine the prevailing consensus of the Geneva financial and commerce talks, and severely harm China’s official rights and pursuits,» the spokesperson added.

The response by Beijing follows a publish by Trump on Friday saying that «the dangerous information is that China, maybe not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. A lot for being Mr. NICE GUY!»

The escalation of commerce tensions between the 2 nations weighed on world shares. The Stoxx Europe 600 index is about 0.4% decrease, whereas Japan’s Nikkei closed down 1.3% and Hong Kong’s Dangle Seng—the place the most important Chinese language corporations are listed—dropped 0.6%. U.S. inventory futures are pointing decrease, with these related to the Dow Jones Industrial Average down 0.3%, Nasdaq futures 0.6% decrease, and S&P 500 futures down 0.5%.