Donald Trump Accuses China of Violating Deal After He Tried to Be Nice
President Donald Trump has accused China of violating its preliminary trade agreement with the United States, and suggested he would take further action.
On May 12, the U.S. and China agreed to a 90-day suspension of most tariffs on each other's imports. The deal was reached after Trump imposed huge tariffs on Chinese imports, before Beijing retaliated.
Writing on Truth Social on Friday, Trump said: "Two weeks ago China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World. We went, in effect, COLD TURKEY with China, and it was devastating for them.
"Many factories closed and there was, to put it mildly, 'civil unrest.' I saw what was happening and didn't like it, for them, not for us. I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen."
He added: "Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!"
This is a breaking story. More to follow.
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