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.

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.

China on Monday hit back at the US, accusing it of “seriously violating” their recent Geneva trade truce by introducing multiple restrictive measures like AI chip export control guidelines, stopping the sale of chip design software to China and revoking visas for Chinese students.

“These practices seriously violate the consensus,” the Commerce Ministry said in a statement, referring to a China-U.S. joint statement in which the United States and China agreed to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies.

President Trump said that Beijing was not honoring the terms of a temporary agreement and warned of further confrontation.

Trade talks between the US and China are "a bit stalled", the US Treasury Secretary Scott Bessent has said. His comment comes less than three weeks after a temporary trade truce was agreed between the world's two largest economies,

Just weeks after US President Donald Trump declared a “total reset” with China following a trade truce in Geneva, tensions are rising again between the world’s biggest economies.