๐ง๐ฅ๐จ๐ ๐ฃ ๐๐๐๐จ๐ฆ๐๐ฆ ๐๐๐๐ก๐ ๐ข๐ ๐๐ฅ๐๐๐๐๐ก๐ ๐ง๐ฅ๐๐๐ ๐๐๐๐ โ ๐ ๐๐ฅ๐๐๐ง๐ฆ ๐ฅ๐๐๐๐ง
โก๏ธ โChina HAS TOTALLY VIOLATED its Agreement,โ Trump Says
Former U.S. President Donald Trump reignited trade war fears on Friday by accusing China of violating the U.S.-China trade deal, just weeks after a temporary easing of tariffs.
โChina was in big trouble two weeks ago because of U.S. tariffsโฆ and now theyโve TOTALLY VIOLATED the agreement,โ Trump wrote on Truth Social.
โSo much for being Mr. NICE GUY!โ
๐ Stocks Slide on Renewed Tension
Trumpโs remarks triggered a quick drop in U.S. markets:
S&P 500: -0.4%
Dow Jones: -0.15%
Nasdaq: -0.6%
Investors reacted to growing fears that the U.S.-China dรฉtente could collapse, reintroducing trade risk into the global economic outlook.
๐ Treasury Secretary: โTalks Are a Bit Stalledโ
U.S. Treasury Secretary Scott Bessent confirmed the freeze in negotiations, suggesting that a direct call between Trump and China president may be required to revive talks.
โ๏ธ Tariffs Face Legal Turbulence
Trumpโs aggressive tariffs are also under legal review:
The U.S. Court of International Trade blocked key tariffs, calling the implementation method โunlawful.โ
The Federal Appeals Court issued a temporary stay, allowing them to remain in effect while further arguments are reviewed.
A final decision is expected after June 9, once the administration files its brief.
๐ Why This Matters
Trade war back on? The situation could destabilize markets again โ just as they began to find footing.
Crypto connection? Heightened macro uncertainty tends to drive demand for Bitcoin and hard assets, especially when U.S.-China tensions flare.
Investors watching: All eyes now turn to a potential Trump-Xi call and upcoming court rulings.
