Trump Says China Has 'Totally Violated' Agreement With US on Tariffs
- On Friday, President Donald Trump stated that China has completely breached its trade deal with the United States, leading to a drop in New York stock markets.
- Trump reignited the trade war last week after a period when Wall Street had started to move beyond tariff concerns, stirring market uncertainty.
- Market experts like Greg Valiere and Ulrike Hoffmann-Burchardi warned the trade conflict will not resolve soon and foresee ongoing market volatility amid geopolitical risks.
- Trump claimed that China has clearly breached its deal with the U.S., while Chinese officials responded by accusing the American side of politicizing the trade discussions.
- The renewed tensions have added to economic strains as China enforces export bans on critical minerals, and the Trump administration plans visa revocations for Chinese students.
355 Articles
355 Articles
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Stocks unsettled after Trump accuses China of trade deal breach
NEW YORK: Global stocks finished mixed on Friday after President Donald Trump put US-China trade tensions back on the boil by claiming Beijing had “totally violated” an agreement with Washington. © New Straits Times Press (M) Bhd
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