Trump Accuses China of Violating Trade Deal, Threatens Further Action

Trump's Accusation Against China

• ⚡ President Donald Trump stated that China has totally violated its agreement with the US regarding the rollback of tariffs and trade restrictions for critical minerals.
• 💬 Trump expressed his disappointment on Truth Social, saying, "So much for being Mr. NICE GUY!"

China's Response and Trade Deal Details

• 🗣️ China urged the US to end its discriminatory restrictions and jointly uphold the consensus reached during high-level talks in Geneva.
• 🤝 According to China's embassy, Trump had previously made a deal in mid-May with Chinese officials to pause triple-digit tariffs for 90 days.
• 📉 Trump claimed this deal was made to prevent factory closings and civil unrest in China caused by his tariffs of up to 145% on Chinese imports.

Specifics of the Violation and Stalled Talks

• ⛏️ US Trade Representative Jameson Greer clarified that the flow of critical minerals from China, which had been halted by Chinese countermeasures, has not resumed as stipulated by the deal.
• 🚧 Treasury Secretary Scott Besson indicated that US trade talks with China were stalled, suggesting Trump and Chinese President Xi Jinping might need to be directly involved to finalize a deal.

Potential Future Actions

• ⚠️ White House Deputy Chief of Staff for Policy, Steven Miller, stated that the Trump administration is preparing other actions targeting China.
• 🚫 Miller warned China that it would be unwise to continue on its current path instead of seeking cooperation.