The Fort Worth Press - Trump accuses China of violating tariff de-escalation deal

USD -
AED 3.672502
AFN 64.497487
ALL 81.118144
AMD 360.743464
ANG 1.789785
AOA 916.999741
ARS 1535.980903
AUD 1.425405
AWG 1.8025
AZN 1.703992
BAM 1.747272
BBD 2.014223
BDT 123.910645
BGN 1.747831
BHD 0.37736
BIF 2992.616283
BMD 1
BND 1.28047
BOB 11.855935
BRL 5.294752
BSD 1.000054
BTN 95.138718
BWP 13.795445
BYN 2.941694
BYR 19600
BZD 2.011337
CAD 1.404645
CDF 2315.999808
CHF 0.827275
CLF 0.0251
CLP 991.069996
CNY 6.678051
CNH 6.668925
COP 3172.18
CRC 455.262182
CUC 1
CUP 24.001537
CVE 98.508503
CZK 21.7763
DJF 178.084701
DKK 6.684396
DOP 61.205437
DZD 135.109199
EGP 56.178695
ERN 15
ETB 163.804155
EUR 0.89426
FJD 2.235702
FKP 0.747708
GBP 0.749485
GEL 2.58939
GGP 0.747708
GHS 11.625445
GIP 0.747708
GMD 73.999859
GNF 8850.751336
GTQ 7.644581
GYD 209.560055
HKD 7.844915
HNL 26.849631
HRK 6.737901
HTG 130.986148
HUF 328.241494
IDR 18153
ILS 3.082345
IMP 0.747708
INR 95.10945
IQD 1515.082481
IRR 1832374.999796
ISK 121.898506
JEP 0.747708
JMD 158.771424
JOD 0.708944
JPY 157.532504
KES 129.850201
KGS 87.449716
KHR 4077.348116
KMF 439.501638
KPW 899.999961
KRW 1327.600285
KWD 0.31077
KYD 0.833426
KZT 450.973998
LAK 22507.604826
LBP 89554.609574
LKR 332.292546
LRD 170.008621
LSL 16.631453
LTL 2.95274
LVL 0.60489
LYD 6.412679
MAD 9.823022
MDL 17.971064
MGA 4541.901363
MKD 54.964674
MMK 2099.851486
MNT 3598.994658
MOP 8.08144
MRU 40.21459
MUR 47.130244
MVR 15.460227
MWK 1734.123669
MXN 18.58152
MYR 4.085701
MZN 63.898588
NAD 16.631602
NGN 1345.450391
NIO 36.798306
NOK 9.328385
NPR 152.221592
NZD 1.761045
OMR 0.384484
PAB 1.00004
PEN 3.44761
PGK 4.549069
PHP 63.908041
PKR 276.741666
PLN 3.937988
PYG 5764.978626
QAR 3.655709
RON 4.783021
RSD 105.081011
RUB 80.799621
RWF 1478.619383
SAR 3.744737
SBD 8.07458
SCR 13.787614
SDG 601.497294
SEK 9.95315
SGD 1.280975
SHP 0.7473
SLE 22.949754
SLL 20969.504398
SOS 571.489831
SRD 37.691957
STD 20697.981008
STN 21.887898
SVC 8.750692
SYP 13001.999685
SZL 16.625646
THB 33.782988
TJS 9.225574
TMT 3.51
TND 2.987372
TOP 2.40776
TRY 49.7622
TTD 6.796771
TWD 32.588977
TZS 2645.019851
UAH 45.657837
UGX 4480.338773
UYU 40.103811
UZS 11968.60664
VES 879.788904
VND 25842.5
VUV 118.791596
WST 2.767791
XAF 586.595955
XAG 0.018446
XAU 0.000248546932
XCD 2.70255
XCG 1.802377
XDR 0.707052
XOF 586.595955
XPF 106.5435
YER 236.102833
ZAR 16.635699
ZMK 9001.201541
ZMW 20.135703
ZWL 321.999592
SSP 5745.299755
MXV 2.096381
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Trump accuses China of violating tariff de-escalation deal
Trump accuses China of violating tariff de-escalation deal / Photo: © AFP/File

Trump accuses China of violating tariff de-escalation deal

US President Donald Trump signaled renewed trade tensions with China on Friday, arguing that Beijing had "totally violated" a deal to de-escalate tariffs, at a time when the two sides appeared deadlocked in negotiations.

Text size:

Trump's comments came after US Treasury Secretary Scott Bessent said that trade talks with China were "a bit stalled," in an interview with broadcaster Fox News.

The world's two biggest economies had agreed earlier this month to temporarily lower staggeringly high tariffs they had imposed on each other, in a pause to last 90 days, after talks between top officials in Geneva.

But on Friday, Trump wrote on his Truth Social platform: "China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US," without providing further details.

Asked about the post on CNBC, US Trade Representative Jamieson Greer said: "The Chinese are slow-rolling their compliance, which is completely unacceptable."

He took aim at Beijing for continuing to "slow down and choke off things like critical minerals," adding that the US trade deficit with China "continues to be enormous."

Greer added that Washington was not seeing major shifts in Beijing's behavior.

Trump's deputy chief of staff Stephen Miller told reporters Friday that "China did not fulfill the obligations that it made and committed to with the United States," without providing details.

"And so that opens up all manner of action for the United States to ensure future compliance," he added.

On Thursday, Bessent suggested that Trump and his Chinese counterpart Xi Jinping could get involved, saying there could be a call between the leaders. Greer agreed with that idea.

US stock markets were downcast around midday on jitters that Trump could return to a more confrontational stance on China.

- Forthcoming deals? -

Washington is also in "intensive talks" with other key trading partners, Greer told CNBC, saying he has meetings next week with counterparts from Malaysia, Vietnam and the European Union.

The meetings come as he heads to Organisation for Economic Cooperation and Development (OECD) talks in Europe.

"The negotiations are on track, and we do hope to have some deals in the next couple of weeks," Greer said.

But Trump's tariff plans are facing legal challenges.

A US federal trade court ruled this week that the president overstepped his authority in tapping emergency economic powers to justify sweeping tariffs.

It blocked the most wide-ranging levies put in place since Trump returned to office, although this ruling has been stayed for now as an appeals process is ongoing.

The decision left intact, however, tariffs that Trump imposed on sector-specific imports such as steel and autos.

Greer said it was important to get through the legal process so partners have a "better understanding of the landing zone."

Since Trump returned to the presidency in January, he has imposed sweeping tariffs on most US trading partners, with especially high rates on imports from China.

New tit-for-tat levies on both sides reached three digits before the de-escalation this month, where Washington agreed to temporarily reduce additional tariffs on Chinese imports from 145 percent to 30 percent.

China, meanwhile, lowered its added duties from 125 percent to 10 percent.

The US level is higher as it also includes a 20 percent levy that Trump recently imposed on Chinese goods over the country's alleged role in the illicit drug trade -- an accusation that Beijing has pushed back against.

The high US-China tariffs, while they were in place, forced much trade between both countries to grind to a halt, as businesses paused shipments to try to wait for both governments to reach a deal to lower the levies.

J.Ayala--TFWP