President Trump has declared that China has entirely breached its trade agreement with the U.S., despite a temporary tariff reduction deal made to alleviate economic pressures. The U.S. had promised to reduce tariffs from 145% to 30%, while China agreed to drop theirs from 125% to 10%. However, following Trump's remarks about China's lack of compliance, concerns escalated, leading to a decline in stock futures. U.S. Trade Representative Jamieson Greer also expressed frustration over China's slow adherence to the terms, suggesting a strain in negotiations.
I made a fast deal with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen.
The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!
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