Both sides accuse the other of violating the spirit of the truce by imposing new restrictions on trade.
Trump said China is “becoming very hostile” and that it is holding the world captive by restricting access to rare earth metals and magnets.
China’s new regulations require foreign companies to get special approval to export items that contain even small traces of rare earths elements sourced from China. These critical minerals are needed in a broad range of products, from jet engines, radar systems and electric vehicles to consumer electronics including laptops and phones.
China accounts for nearly 70 per cent of the world’s rare earths mining and controls roughly 90 per cent of global rare earths processing. Access to the material is a key point of contention in trade talks between Washington and Beijing.
The ministry post said that export licenses would be granted for legitimate civilian uses, noting that the minerals also have military applications.
The Chinese Commerce Ministry post said that the US has introduced several new restrictions in recent weeks, including expanding the number of Chinese companies subject to U.S. export controls.
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It also said that the US is ignoring Chinese concerns by going forward with new port fees on Chinese ships that take effect Tuesday. China announced Friday that it would impose port fees on American ships in response.
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