President Donald Trump on Friday morning accused China of violating a recent trade agreement with the United States.
“China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,” Trump said in a social media post Friday morning.
Trump did not identify the action taken by China that had violated the agreement.
The remarks came hours after U.S. Treasury Secretary Scott Bessent voiced pessimism about U.S.-China trade talks in an interview with Fox News on Thursday night.
“I would say that they are a bit stalled,” Bessent said when asked about the status of the trade talks.
China was charged by President Donald Trump Friday morning with breaking a new trade deal with the US.
A renewed trade war between the two biggest economies in the world could result from the harsh criticism that seemed to cast doubt on the accord’s viability.
In a Friday morning social media post, Trump stated, “China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US.”. “What a waste of being Mr. (nice guy).”.
Trump made no mention of China’s breach of the agreement.
Hours later, the comments followed U. S. . Scott Bessent, the Treasury Secretary, expressed pessimism regarding the U. A. -trade negotiations with China in a Thursday night interview with Fox News.
When questioned about the state of the trade negotiations, Bessent responded, “I would say that they are a bit stalled.”. “I think we’ll be speaking with them more in the coming weeks, and I think the president and Party Chair Xi [Jinping] might call at some point. “,”.
U. A. Following Trump and Bessent’s remarks, stocks experienced a minor decline in early Friday morning trading.
A trade pact between the U.S. S. and earlier this month, China reduced the two nations’ tit-for-tat tariffs, which caused the stock market to soar and Wall Street’s recession projections to soften.
The U. S. agreed to lower tariffs on Chinese goods from 145% to 30%, and China promised to lower tariffs on U.S. S. between 125 percent and 10 percent. While the two parties negotiate a more comprehensive trade agreement, the reduced tariffs are expected to stay in effect for ninety days.
However, a group of federal judges this week invalidated the legal basis for the duties, dealing a significant blow to the remaining 30 percent tariffs on Chinese goods.
The U.S. S. . In a Rose Garden ceremony that Trump had dubbed “Liberation Day,” the Court of International Trade declared the China tariffs and a number of other levies on dozens of other nations to be invalid late Wednesday. “.”.
