Euro increased to the highest level in 5 weeks

China said on Monday that US President Donald Trump had violated the agreement in the Geneva trade talks and promised to take stringent measures to protect its interests.

The Commerce Ministry commented on Trump’s statements on Friday that China had violated the China bilateral agreement to cancel customs duties. The United States has imposed several “discriminatory” actions against China that China has implemented and continued its agreement last month in Geneva.

The ministry said that these policies include exporting artificial intelligence chips, discontinuing chips design sales to China and canceling Chinese students’ visas.

In a statement in a statement, the Ministry said: “The US government, unilaterally and repeatedly, led to new economic and commercial differences, which increased uncertainty and volatility in bilateral economic and trade relations.” The Ministry of Ministry did not make sure the stringent measures to be taken in response.

Made between Beijing and Washington Geneva to stop the 30 -day customs duties. In addition, China has promised a counter -trade measures led by the basic mineral exports required to produce semiconductors, electronics and defense industries in the United States.

Treasury Secretary Scott Bessent said in the weekend that US President Donald Trump and Chinese president Ji Jinping will soon speak to address trade issues, including dispute over basic minerals.

But on Friday, Trump announced that it was doubling customs duties on steel and aluminum imports to 50 percent. If China is the largest producer and steel exporter in the world, it is very low after the 2018 customs tariff imposed in 2018, leading to the exception of very Chinese steel from the market. China ranks third among the aluminum suppliers of the United States.

In view of the restored trade tensions between China and the US, bravery has adversely affected, and Chinese stocks listed on the Hong Kong Stock Exchange fell to the lowest level on Monday and declined in foreign markets in China.

The Hanging Singh Index for Chinese companies listed in Hong Kong’s Chinese companies fell 2.6 % from May 6 to 2.2 %.

The yuan is trading at 7,2193 yuan in foreign markets, down 0.2 percent during the Asian trade, and the Hong Kong dollars fluctuate from 7.75 to 7.85 to 7.85 trading.

Chinese markets are closed on Monday due to the national holiday and will resume trading on Tuesday. Honging Singh Technology Index fell by 2.4 % and all sectors of Hong Kong fell on Monday, while the sub -reel estate index and the healthcare sector fell by more than 3 %.