Donald Trump has accused China of “totally violating its agreement” with the U.S. on trade—just two weeks after both countries announced a deal—reigniting fears that the ongoing trade war may continue to destabilize the global economy.
Trump: China violated its agreement with the US
5/30/2025
“I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation,” Trump wrote Friday morning on Truth Social. “Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US.”
Trump’s remarks came shortly after Treasury Secretary Scott Bessent said in an appearance on Fox News that trade talks with China were “a bit stalled,” though he added that further discussions with Chinese officials are expected in the coming weeks. The White House has not released details about what exactly has caused the talks to stall.
U.S. stock markets reacted to the news. Although the Dow closed slightly higher—up 0.13%—both the S&P 500 and Nasdaq registered modest losses.
The tensions stem from Trump’s decision in February to impose a 10% tariff on all Chinese imports, triggering a trade conflict that escalated dramatically by spring. Tariffs increased to 20% in March, and by April, a full-blown trade war had erupted, with Trump slapping 145% tariffs on Chinese goods. China retaliated with 125% tariffs on American products.
On May 12, a temporary truce was reached. Trump agreed to lower tariffs to 30%, while China reduced its tariffs on U.S. goods to 10%. The White House called the agreement “historic,” claiming it would pave the way for expanded market access for American exports.
But Trump’s Friday post signals ongoing volatility surrounding the deal and broader trade policy, which has caused global markets to waver for weeks.
Earlier this week, there was a brief moment of optimism when a panel of judges on the U.S. International Court of Trade blocked a significant portion of Trump’s sweeping tariffs, including country-specific duties targeting China. However, that optimism faded quickly: within 24 hours, a federal appeals court temporarily froze the ruling, allowing the tariffs to remain in effect.
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