A one-two punch from the United States risks shattering the already fragile trade war truce between Washington and Beijing, with Chinese tech companies and students both dealt shock blows by the Trump administration Wednesday night.

A spokesman for the Chinese embassy urged Washington to “jointly uphold the consensus reached at the high-level talks in Geneva.”

The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have begun to slow.