The truce between the U.S. and China for a 90-day tariff reprieve looks to be crumbling. Both sides say the other is in violation of the agreement that ratcheted tariffs down from

China's factory activity in May shrank for the first time in eight months, a private-sector survey showed on Tuesday, indicating U.S. tariffs are now starting to directly hurt the manufacturing superpower.

Trade tensions are continuing to rise between the U.S. and China. Now it might be time for the two sides to sit down and talk tariffs again.