US President Donald Trump accused China of breaking the Ciel alleviation agreement on Friday. He posted a social network contribution a few hours after US Finance Minister Scott Bessent told Fox News that they were “a little stuck on a dead point”. TASR informs this based on the AFP report.
The two largest economies agreed this month to temporarily reduce extremely high mutual duties. The break they committed to use for negotiations on a new trade agreement was to take 90 days.
„China, which may not be surprising for someone, has completely violated the US agreement”Wrote Trump on Truth Social without giving further details. The US Sales Representative Jamieson Greer for CNBC said that the United States’ trade deficit is still huge and Washington does not see significant changes in Beijing’s behavior.
Since his January return to office, Trump has introduced extensive duties to most US business partners, with particularly high rates burdening imports from China. The so -called reciprocal duty on goods from the Asian country reached 145 %. Beijing responded with retaliatory duties to US imports of 125 %.
Earlier this month, both parties agreed to relieve tension. US duties fell to 30 % and Beijing squeezed its import fees to 10 %. The level of US duties remains higherAs it also includes a 20 % duty that Trump’s administration has imposed on Chinese goods in connection with the alleged role of China in illegal drug trade, which is an allegation that Beijing strongly refuses.
