USTR Greer said China was supposed to roll back critical mineral export bans after the Geneva agreement but hasn’t done so fully.
President Donald Trump said on May 30 that China has “totally violated” its agreement with the United States after the two nations put a pause on escalating tariffs earlier this month.
In a Truth Social post, Trump said the 145 percent tariffs he had placed on China imports made it “virtually impossible” for China to trade with the United States. He said he opted to offer China a deal for their sake, referencing reports of civil unrest among Chinese citizens.
“Two weeks ago China was in grave economic danger!” he wrote. “Many factories closed and there was, to put it mildly, ‘civil unrest.’ I saw what was happening and didn’t like it, for them, not for us. 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.”
On May 12, the two countries agreed to significantly reduce tariffs set since April 2 for 90 days, and markets rallied.
“Because of this deal, everything quickly stabilized and China got back to business as usual. 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. So much for being Mr. NICE GUY!” Trump wrote.
