China has accused the United States of significantly breaking a recent trade agreement, threatening severe repercussions. According to the Ministry of Commerce, Washington undermined the Geneva agreement made in May, in which both countries promised to reduce tariffs — the US from 145 percent to 30 percent and China from 125 percent to 10 percent, Associated Press reported.

Beijing also blamed a breakdown in consensus during a January phone chat between Chinese President Xi Jinping and US President Donald Trump. It denounced previous US steps such as restricting chip design software, prohibiting the use of Huawei chips, and canceling student visas.

Meanwhile, President Trump accused China of violating the agreement. US Trade Representative Jamieson Greer claimed Beijing failed to remove non-tariff barriers as promised, according to Associated Press.