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The Chinese Ministry of Commerce issued a statement June 2 rebuking the U.S. president’s claim that Beijing breached the consensus reached in Geneva in May.

President Donald Trump said he expected to speak to Chinese President Xi Jinping after accusing China of violating an agreement with the U.S. to ease tariffs.

The ceasefire in the tariff fight between the United States and China is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container bookings have slowed.

After losing their biggest export market, U.S. farmers are now counting on the president’s support for biofuels to prevent their next crop from piling up in storage.

The assessment confirmed an April 9 preliminary ruling by the CBSA, which took into account comments and responses submitted by the main parties.

“People worry Geely will centralize R&D in China. That’s a misunderstanding,” Hakan Samuelsson said. “There’s no such plan, and Chinese operations are also cutting costs.”

President Donald Trump’s deal to lower tariffs against China for 90 days is expected to spur a surge of pent-up cargo and further market volatility, according to experts.

U.S. businesses are under pressure to import goods while higher tariffs are on pause, and they’re simultaneously navigating complex filing rules when their cargo crosses the border.

“When it comes to inside China … there is still bipartisan and broad concern about what can happen to these GPUs once they’re physically inside” the country, a White House adviser said.

A temporary trade truce between the world’s two largest economies has sparked a knee-jerk bounce across China’s ports and factory floors.