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Trump Says China Has 'Totally Violated' Agreement With US on Tariffs
- On Friday, President Donald Trump stated that China has completely breached its trade deal with the United States, causing stock prices in New York to decline.
- Trump's statement came after a week of renewed trade tensions marked by tariff actions and court rulings limiting his tariff authority, while the two countries maintained ongoing communication.
- Market strategists Greg Valiere and Ulrike Hoffmann-Burchardi noted that unresolved trade conflicts continue to fuel market volatility and investor uncertainty amid stalled talks.
- The Dow dropped 130 points , the S&P 500 slid 0.2%, and the Nasdaq fell 0.4%, despite the benchmark index being up over 6% this month and poised for its best May since 1990.
- The developments underscore persistent friction between the US and China, suggesting ongoing volatility and challenges for future trade negotiations between the world’s largest economies.
357 Articles
357 Articles
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President Trump Says They Broke the Truce: "So Much For Mr. NICE GUY!"
President Trump completely blew his top today, exploding on his Truth Social account in China’s direction. At least that’s the way his social media post hit me. He began with quickly setting the stage, detailing the “FAST DEAL” he made with the Chinese leadership on trade and tariffs. And things were going well, according to the President’s post. Until they weren’t. Now, President Trump is TYPING IN ALL CAPS and promising President Xi that he wo…
Trump's Tariff Tango: Trade Tensions Flare with China
Trump's Tariff Tango: Trade Tensions Flare with China President Donald Trump has reignited trade tensions with China by accusing the nation of breaching a bilateral agreement to roll back tariffs. He announced plans to double worldwide steel tariffs, a move that sent shockwaves through the global trade community.Speaking at a rally, Trump expressed his dissatisfaction with China’s compliance, particularly concerning rare earths licenses crucial …
Stocks unsettled after Trump accuses China of trade deal breach
NEW YORK: Global stocks finished mixed on Friday after President Donald Trump put US-China trade tensions back on the boil by claiming Beijing had “totally violated” an agreement with Washington. © New Straits Times Press (M) Bhd
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