Beijing and Washington Trade Blame as Geneva Tech Truce Collapses

Another day, another diplomatic standoff—this time with Silicon Valley caught in the crossfire. The 'Geneva promises' on tech cooperation? Dead on arrival. Turns out even blockchain can't fix trust deficits.

Meanwhile, Wall Street hedge funds are already shorting the situation—because nothing fuels innovation like geopolitical brinkmanship and quarterly earnings calls.

Beijing and Washington point fingers after Geneva promises stall

After last month’s agreement in Switzerland, China accused the U.S. of walking back from what had been decided. Specifically, Beijing objected when the U.S. Commerce Department told American companies to stay away from Chinese semiconductors.

In another move that added pressure, Trump’s administration announced it WOULD start revoking visas for some Chinese students studying in the U.S. That move triggered more protests from Beijing, which said Washington was intentionally escalating tensions.

On the other side, Trump’s team claimed China failed to deliver on a promise made during the Geneva meetings—mainly the pledge to approve additional exports of rare earth minerals.

The U.S. wants those materials for high-tech industries, but shipments haven’t come. After Thursday’s call, Trump posted, “There should no longer be any questions respecting the complexity of Rare Earth products,” though he didn’t explain what he meant by that.

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