#TrumpTariffs On May 30, 2025, President Donald Trump accused China of violating a recently made trade agreement, reigniting tensions between the two countries. In a post on Truth Social, Trump stated, "China, perhaps not surprisingly to some, HAS COMPLETELY VIOLATED ITS AGREEMENT WITH US. That’s what happens to Mr. NICE GUY!"
The agreement in question, which was established earlier in May, involved both countries agreeing to halt most tariffs for 90 days, with the US reducing tariffs on Chinese goods from 145% to around 30%, and China lowering its tariffs on American imports to 10%.
While Trump did not specify the exact nature of the violation allegations against China, US officials have expressed concerns over China's compliance with the deal. US Trade Representative Jamieson Greer stated, "The United States is doing exactly what it should be doing, and China is slow to fulfill their deal," calling the situation "entirely unacceptable."
The allegations have led to increased volatility in financial markets, with US stock futures slightly declining after the announcement. Analysts warn that rising trade tensions could have broader implications for global markets and economic stability.
As of now, China has not publicly responded to the allegations. The situation remains dynamic, with potential further developments in the coming days.
For a visual summary of the latest events and their implications, please refer to the following chart:
📊 US-China Trade Tensions: Key Developments
May 12, 2025: The US and China agree to halt most tariffs for 90 days.
The US reduces tariffs on Chinese goods from 145% to ~30%.
China lowers tariffs on American imports to 10%.
May 30, 2025: President Trump accuses China of violating the trade agreement.
No specific details were provided regarding the nature of the violation.