TRUMP ACCUSES CHINA OF BREAKING INITIAL TRADE AGREEMENT
President Donald Trump stated on Friday that China has "completely broken" its initial trade agreement with the United States and hinted at possible retaliatory measures.
“So much for being Mr. NICE GUY!” Trump wrote in a social media post, claiming China had backed out of the deal that had halted reciprocal tariffs between the two countries.
Following Trump's remarks, stock futures declined on Friday morning.
U.S. Trade Representative Jamieson Greer, speaking in a CNBC interview on Friday, supported Trump’s claim, saying, “we’re very concerned with” China’s reported failure to uphold the temporary trade agreement.
“The United States did exactly what it was supposed to do, and the Chinese are dragging their feet on meeting their commitments,” Greer added.
He described the situation as “completely unacceptable and in need of a response.”
Treasury Secretary Scott Bessent also commented in a Fox News interview on Thursday, stating that trade discussions with China “are somewhat stalled.”