Trump slams China for 'total violation' of trade agreement
U.S. President Donald Trump alleged that China had breached the trade agreement entirely, which, according to him, was intended to bring stability to the economies of both nations.
What you need to know
- Donald Trump accused China of violating the trade agreement designed to reduce tariffs between the USA and China.
- The US President expressed his outrage on social media, emphasizing that China did not adhere to the agreement's terms.
- Trump did not specify what actions he plans to take in response to China's actions.
The President of the United States, Donald Trump, publicly accused China of a "total violation" of the trade agreement made with the United States. This agreement aimed to significantly reduce the mutual tariffs that were introduced as part of the trade war between the two countries.
"Two weeks ago China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World. We went, in effect, COLD TURKEY with China, and it was devastating for them. Many factories closed and there was, to put it mildly, "civil unrest," Trump wrote on the platform truthsocial.com.
"I saw what was happening and didn’t like it, for them, not for us. I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn’t want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!!" he added.
Trump emphasized that he made a "quick deal" with China, which was supposed to stabilize the Chinese economy.
"The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!," the President remarked, without specifying what consequences he plans to impose on China.
Trump's trade war with China
On Thursday, US Treasury Secretary Scott Bessent remarked that trade negotiations with China are "at some impasse." He added that reaching an agreement will probably require direct involvement from Trump and Chinese leader Xi Jinping.
In May, Beijing and Washington agreed to suspend tariffs on each other for 90 days. This agreement, described by the media as a temporary truce in the trade war, followed ministerial-level bilateral talks in Geneva.
As part of the solution negotiated at that time, Washington and Beijing agreed to temporarily reduce tariffs—the USA from 145% to 30% on Chinese products and China from 125% to 10% on American products.
