Trump denounces that China violated the temporary trade agreement established to decrease tariffs
The president again strained his relationship with China by claiming that it violated the temporary trade agreement established to decrease tariffs
President Donald Trump claims that China violated the trade agreement that it had temporarily established with the United States with the aim of decreasing tariffs.
Earlier this month, in an effort to avoid further turbulence in the financial markets, the US government chose to provisionally lower the tax on Chinese imports, which fell from 145% to just 30%.
For its part, Beijing decided that products and raw materials from the United States should only pay a 10% tariff instead of 125%.
In this way, both countries took what appeared to be the first step towards a definitive trade agreement.
However, through a message posted on the Truth Social platform, Donald Trump reproached the Chinese government for not having assimilated the gesture of good faith he had shown by reducing tariffs for 90 days to avoid plunging the country into a crisis of enormous implications.
Two weeks ago, China was in grave economic danger! The extremely high tariffs I imposed made it practically impossible for China to trade with the US market, which is by far the number one in the world.
In effect, we decided to abruptly close off China, and it was devastating for them. Many factories closed and there was, to put it mildly, 'civil unrest.'
I saw what was happening and I didn't like it—for them, not for us. I made a quick deal with China to save them from what I thought would be a very serious situation, and I didn't want that to happen.
Thanks to this deal, everything quickly stabilized and China was back to normal. Everyone was happy! That's the good news!
The bad news is that China, while perhaps not surprising to some, has totally violated its agreement with the U.S. "So long to your nice-guy attitude!" he wrote.
The president did not go into detail about what exactly the violation in reference was,Nor have there been any hints of new sanctions targeting Beijing. However, relations between the world's two largest economies have become strained again.
In fact, hours before Trump's message, Treasury Secretary Scott Bessent said in an interview with Fox News that negotiations with the government headed by Xi Jinping to establish a trade agreement with China were in limbo.
"I would say they're a bit stuck. I think given the size and complexity of the negotiations, this is going to require an intervention by both leaders," he said.

