President Donald Trump, on Friday, leveled an accusation against China, stating it had violated its tariff agreement with the United States. This claim comes amidst a suspension of most tariffs between the two nations, a deal Trump himself had brokered, aiming to shield the U.S. economy from any severe impacts.
Reports from Truth Social indicate that President Trump had argued that the high tariffs he initially imposed on China had made it “virtually impossible for China to TRADE into the United States marketplace, which is, by far, the number one in the World.”
On May 12, a mutual agreement was reached between the two countries, resulting in a 90-day suspension of most tariffs. However, President Trump, in his Friday statement, claimed that “China, perhaps not surprisingly to some, HAS VIOLATED ITS AGREEMENT WITH US.”
Trump maintained that his initial tariffs had been “devastating” for China, leading to factory closures and, to use his wording, ‘civil unrest’. He stated, “I made a FAST DEAL with China to save them from what I thought was going to be a very bad situation, and I didn’t want to see that happen.” According to the President, this deal swiftly stabilized the situation, enabling China to resume regular business operations.
This raises important questions about the stability of U.S.-China trade relations and the future of their tariff agreements. Nonetheless, the accusations remain unverified, being based solely on the President’s public statements. To understand this fully, we should note that this development follows earlier reports of disputed trade practices between the two economic powerhouses.
