China blasts Trump's trade claims as markets react to new tariffs

The Chinese Commerce Ministry said Monday that recent Trump administration moves, including plans to revoke visas for Chinese students, have violated the trade deal both countries agreed to in Geneva. The statement comes days after President Trump accused China of violating the trade agreement. CBS News' Ed O'Keefe has the latest, and CBS News MoneyWatch correspondent Kelly O'Grady has more on how markets are reacting.

CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.

Subscribe to the CBS News YouTube channel: youtube.com/cbsnews
Watch CBS News 24/7: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mobile/
Follow CBS News on Instagram: instagram.com/cbsnews/
Like CBS News on Facebook: facebook.com/cbsnews
Follow CBS News on X: twitter.com/cbsnews
Subscribe to our newsletters: cbsnews.com/newsletters/
Try Paramount+ free: paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: licensing@veritone.com