The China Mail - Trump accuses China of violating tariff de-escalation deal

USD -
AED 3.672502
AFN 65.501616
ALL 83.072963
AMD 376.98007
ANG 1.790083
AOA 917.000089
ARS 1386.420042
AUD 1.448436
AWG 1.80025
AZN 1.701055
BAM 1.695072
BBD 2.009612
BDT 122.428639
BGN 1.709309
BHD 0.378163
BIF 2970
BMD 1
BND 1.2851
BOB 6.894519
BRL 5.160602
BSD 0.997742
BTN 92.939509
BWP 13.688562
BYN 2.956504
BYR 19600
BZD 2.006665
CAD 1.39475
CDF 2304.999756
CHF 0.79876
CLF 0.023281
CLP 919.250163
CNY 6.88265
CNH 6.886225
COP 3668.42
CRC 464.279833
CUC 1
CUP 26.5
CVE 96.000296
CZK 21.288297
DJF 177.719861
DKK 6.487802
DOP 60.849861
DZD 133.256954
EGP 54.334939
ERN 15
ETB 155.800822
EUR 0.868022
FJD 2.253797
FKP 0.757512
GBP 0.756401
GEL 2.684954
GGP 0.757512
GHS 11.005003
GIP 0.757512
GMD 73.99985
GNF 8780.000206
GTQ 7.632939
GYD 208.828972
HKD 7.83775
HNL 26.504427
HRK 6.5391
HTG 130.952897
HUF 333.929817
IDR 16994.6
ILS 3.130375
IMP 0.757512
INR 92.73995
IQD 1307.141959
IRR 1319175.000237
ISK 125.379824
JEP 0.757512
JMD 157.303566
JOD 0.709008
JPY 159.653967
KES 129.801691
KGS 87.449951
KHR 3990.137323
KMF 427.00004
KPW 899.995741
KRW 1511.260111
KWD 0.30934
KYD 0.831502
KZT 472.805432
LAK 21970.392969
LBP 89502.03926
LKR 314.804623
LRD 183.088277
LSL 16.955078
LTL 2.952739
LVL 0.60489
LYD 6.380628
MAD 9.374033
MDL 17.55613
MGA 4171.343141
MKD 53.495639
MMK 2099.82872
MNT 3572.765779
MOP 8.055104
MRU 39.637211
MUR 46.94976
MVR 15.459915
MWK 1730.071718
MXN 17.891702
MYR 4.03099
MZN 63.949968
NAD 16.954711
NGN 1378.130367
NIO 36.712196
NOK 9.77265
NPR 148.701282
NZD 1.750854
OMR 0.385097
PAB 0.997734
PEN 3.45194
PGK 4.316042
PHP 60.409499
PKR 278.39991
PLN 3.71375
PYG 6454.29687
QAR 3.638018
RON 4.416604
RSD 101.901662
RUB 80.325739
RWF 1457.240049
SAR 3.754558
SBD 8.038772
SCR 14.446904
SDG 600.99971
SEK 9.483103
SGD 1.286701
SHP 0.750259
SLE 24.649686
SLL 20969.510825
SOS 570.192924
SRD 37.350967
STD 20697.981008
STN 21.233539
SVC 8.730169
SYP 110.63796
SZL 16.948198
THB 32.634978
TJS 9.563492
TMT 3.51
TND 2.941459
TOP 2.40776
TRY 44.520498
TTD 6.768937
TWD 31.994993
TZS 2600.000375
UAH 43.698134
UGX 3743.234401
UYU 40.405091
UZS 12122.393971
VES 473.390494
VND 26340
VUV 119.00311
WST 2.766273
XAF 568.506489
XAG 0.013693
XAU 0.000214
XCD 2.70255
XCG 1.798209
XDR 0.708068
XOF 568.516344
XPF 103.361457
YER 238.650074
ZAR 16.972865
ZMK 9001.18207
ZMW 19.281421
ZWL 321.999592
  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSD

    0.1100

    22.26

    +0.49%

  • NGG

    1.1500

    87.99

    +1.31%

  • BCC

    -1.8800

    73.2

    -2.57%

  • BTI

    0.3900

    58.28

    +0.67%

  • GSK

    0.7000

    56.69

    +1.23%

  • CMSC

    0.0500

    22.04

    +0.23%

  • RELX

    0.3600

    33.59

    +1.07%

  • BCE

    -0.9300

    24.45

    -3.8%

  • RYCEF

    0.9000

    15.99

    +5.63%

  • JRI

    0.0900

    12.61

    +0.71%

  • RIO

    -0.3600

    94.45

    -0.38%

  • VOD

    0.0800

    15.21

    +0.53%

  • AZN

    2.7600

    203.49

    +1.36%

  • BP

    0.9500

    47.12

    +2.02%

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.

A.Sun--ThChM