President Trump lashed out at China on Friday, accusing the country of breaking the trade agreement the two nations reached just weeks ago.
The deal, announced on May 12 after negotiations in Switzerland, had called for a 90-day easing of tariffs while both sides continued talks. Under the terms of the agreement, the United States reduced its tariffs on Chinese imports from 145% to 30%, moving away from what had effectively been a trade blockade.
But signs of trouble began to emerge this week. Treasury Secretary Scott Bessent said Thursday night that discussions had become “a bit stalled,” and on Friday morning, Trump publicly blasted China for violating the terms of the deal.
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