On Friday, US President Donald Trump accused China of “completely” violations of a business agreement with America, which was hit to mitigate tariffs, and increased tensions between the two largest economies in the world.
In his contribution to his social media, Truth Social revealed Trump “bad news”.
“The bad news is that China, perhaps for some surprisingly, has completely violated our agreement with us. So much for being Mr. Nice Guy!” said.
However, the US President did not specify exactly how China violated a trade agreement or that did not follow the rules.
Trump said China was in “serious economic danger” due to the “very high tariffs” it set.
“Two weeks ago, China was in a serious economic danger! The very high tariffs I set out to be virtually impossible for China to trade on the United States market, by far the number one in the world. We actually went, cold Turkey with China and it was devastating to them.”
Trump also claimed that many factories in China were closed and resulted in a “mild” civic unrest and added that he saw it and did a “fast shop” to get to the solution.
Both countries at the beginning of this month came to agreement on the Tit-for-FT tariffs. At that time the US and China said they would return their fees and continue their business interviews.
“Many factories have closed and it was there for it to be slightly,” civic unrest. “I saw what was happening and didn’t like it for them, not for us.
He also claimed that everything in China was “stabilized” because of the US agreement.
“Because of this agreement, everything quickly stabilized and China has returned to business as usual. Everyone was happy! That’s good news !!!,” Trump said before he accused China of breaking the agreement.
US futures to drop futures
According to a report by Bloomberg, US stock futures fell after Trump’s accusation, while the S&P 500 contracts fell by 0.3 %.
Comments meant fresh riots for Donald Trump’s business agenda, which was shaken at the beginning of this week by the decision of the Federal Court, which stopped most of its tariffs. The Court of Appeal temporarily stopped the decision to hear the arguments, although it could eventually support the initial decision and block Trump’s obligations.
(Tagstotranslate) China
