June 4, Wednesday

High-Level Voices: 
The U.S. claims China violated the Geneva talks consensus. In response, Foreign Ministry spokesperson Lin Jian stated that the Geneva consensus was reached by both sides based on mutual respect and equal consultation.

Overall Sentiment: 
Signs of escalating U.S.-China trade tensions are emerging. Last week,
U.S. Treasury Secretary Bassant claimed China failed to honor Geneva commitments, suggesting high-level intervention may be needed. On Friday, Trump tweeted that China isn't fulfilling promises and can't be indulged further. This coincided with China short holiday, so no response was made initially. Official responses came yesterday, the first working day of June, with the Commerce Ministry and Foreign Ministry attributing the issue to the U.S. Despite previous rounds of mutual tariff hikes and supply chain disruptions, U.S. CP| hasn't risen, which may be bolstering U.S. confidence now.