US President Donald Trump accused China of violating a trading agreement concluded with Washington. The head of the White House wrote about this on his page on the Truth Social platform.
The American leader noted that two weeks ago China was in a serious economic danger, since the very high duties established by him made the US market almost impossible for Beijing, which, of course, is the number of one in the world.
“We, in fact, went to the Cold War with China, and it was destructive for them. Many factories closed, and, to put it mildly,” civil unrest. “I saw what happened, and I did not like it, not to us,” the president continued.
Then, according to Trump, he made a quick deal with the PRC to save them from what he thought would be a very bad situation. “And I did not want this to happen. Thanks to this deal, everything quickly stabilized, and China returned to the usual business. Everyone was happy! This is good news !!! Bad news is that China may not be surprising for some completely violated its agreement with us. Here is Mr. good guy!”, The head of state said.
– A temporary agreement on reducing duties
US President Trump, after a trade confrontation with China, increased duties on goods from this country to 145%. In response, China increased duties for American goods to 125%.
After the US trade negotiations held this month in Switzerland, the United States and China agreed to temporarily reduce mutual duties.
As part of the agreement, starting on May 14, the United States will reduce duties for Chinese goods from 145% to 30% for a period of 90 days, and China will reduce duties for American goods from 125% to 10%.
It was also announced to create a mechanism to continue negotiations between China and the United States on trade and economic relations.