Trump says China has ‘totally violated' agreement with US on tariffs
WASHINGTON: US President Donald Trump on Friday said China had violated an agreement on tariffs with the United States.
'China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!,' Trump said in a post on his Truth Social platform.
US trade talks with China were 'a bit stalled' and getting a deal over the finish line will likely need the direct involvement of President Donald Trump and Chinese President Xi Jinping, US Treasury Secretary Scott Bessent told Fox News on Thursday.
Division between US and China is the biggest risk confronting world now, France's Macron says
Two weeks after breakthrough negotiations that resulted in a temporary truce in the trade war between the world's two biggest economies, Bessent said progress since then has been slow, but said he expects more talks in the next few weeks.
The US-China agreement to dial back triple-digit tariffs for 90 days prompted a massive relief rally in global stocks. But it did nothing to address the underlying reasons for Trump's tariffs on Chinese goods, mainly longstanding US complaints about China's state-dominated, export-driven economic model, leaving those issues for future talks.
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REUTERS/Edgar Su Purchase Licensing Rights, opens new tab "It's hard to believe, a little bit, after some trips to Europe that I'm saying this, but thanks to President Trump, Asian allies should look to countries in Europe as a new found example," Hegseth said. "NATO members are pledging to spend 5% of their GDP on defence, even Germany. So it doesn't make sense for countries in Europe to do that while key allies in Asia spend less on defence in the face of an even more formidable threat, not to mention North Korea." Dutch Defence Minister Ruben Brekelmans said it was important to have Hegseth acknowledge that European countries were stepping up. "It was for me maybe the first time or one of the first times I heard the U.S administration acknowledge this explicitly," Brekelmans said, referring to Hegseth's comments. 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