On Friday, former US President Donald Trump escalated trade tensions by accusing China of completely violating a recent tariff agreement between the two countries. Trump stated that the high tariffs imposed during his administration made it nearly impossible for China to trade with the United States, causing significant economic disruption, factory shutdowns, and civil unrest within China.
Trump emphasized that his intervention was aimed at stabilizing China’s economy, leading to a swift agreement where both nations reduced tariffs considerably: the US lowered additional tariffs from 145% to 30%, while China cut its import taxes on US goods from 125% to 10%. According to Trump, this deal initially brought stability and mutual satisfaction.
However, he claimed that China failed to uphold its commitments under the truce, stating, "The bad news is that China… HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" These remarks were posted on his social media platform amid reports that trade negotiations between the two largest global economies have stalled.
US Treasury officials have acknowledged a deadlock in the talks but remain hopeful that direct communication between the presidents of both countries could help break the impasse. US Trade representatives continue to monitor compliance closely, noting concerns over China’s adherence to the agreed terms.
This development marks a renewed escalation in an ongoing trade dispute that has significant implications for global economics and bilateral relations between the US and China.
