On charges against the terms of the bilateral agreement with the mutual reduction and trade restrictions, Donald Trump chooses to reopen the confrontation with Beijing, resulting in the first turmoil in the markets.
According to a post by the US president on the Truth Social platform: “China, and this may not be a surprise to some, has been fully violated its agreement with the US. Enough by being the Lord okay! ”
Trump post comes a few hours after his finance minister, Scott Bessed, had pushed for a direct meeting between Donald Trump and Xi Jing, as he said the US -China trade talks have reached a dead end. The result of these developments is that markets have reacted negatively, with Wall Street recording a significant decline in all the main indicators.
Although Trump in his suspension – beyond a long text full of inaccuracies on the impact on China’s 145% duties before going to an agreement – did not mention exactly what terms of the agreement was violated by China, the US side traveled.
‘Thorn’ the rare land
According to this problem, it is that China does not quickly issue rare land export licenses, which was a commitment to the Agreement in Geneva.
US Representative Jameson Green told CNBC that China is not complying with the Geneva Agreement, because according to him: “Chinese are delaying their compliance, which is completely unacceptable and must be addressed.” According to him, the flow of critical minerals from China, which had been interrupted by Chinese commercial countermeasures, has not returned as provided by the agreement.
In this context, interest now focuses on what measures Trump could take against China to “force” her to implement the Geneva agreed. This question is considered particularly burning, since, based on the actions of his government, the non -compliance with Trump’s “I want” brings duties.
The European look at the ‘counter’
The issue of the new shift of the US and the re -attack on China, but in the broader context of the two “superpowers” conflict, has been at about the same time as Trump’s post and French President Emmanuel Macron during his speech on a defensive forum. There, the French president argued that the “confrontation” between the United States and China is the top danger that people are facing today.
As the president of France said: “I will be clear, France is a friend and ally of the United States, and he is a friend, and we work together – even if we sometimes disagree and compete – with China. You have to choose one side. If we do this, we will kill the world order and methodically destroy all the institutions we created after World War II to maintain peace and have cooperation on health, climate, human rights and so on. ”
