Washington.- The president, Donald Trump, accused China this Friday of violating the trade agreement reached with the United States to reduce the high tariffs imposed by Washington and thanks to which, according to the president, Beijing had been saved “from a very bad situation”.
“I made a fast deal with China to save them from what I thought was going to be a very bad situation, and I didn’t want that to happen. Thanks to this deal, everything stabilized quickly and China returned to normal (…) The bad news is that China, perhaps not surprising to some, has totally violated its agreement with us,” Trump said on his Truth Social network.
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The leader did not specify in his publication the conditions under which China would have violated the agreement reached two weeks earlier, the second one that the Administration closed with a foreign government after the imposition of global tariffs, after the one reached with the United Kingdom.
“Two weeks ago, China was in grave economic danger. The very high tariffs I imposed made it practically impossible for China to trade with the U.S. market, which is, by far, number one in the world,” Trump recalled this Friday.
According to the president, the effect of the tariffs “was devastating” for China. “Many factories closed and there were, to put it mildly, ‘civil unrest’. I saw what was happening and I didn’t like it, for them, not for us,” he added.
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Both economic powers agreed to a truce in their tariff war, which reduced US tariffs on Chinese products from 145% to 30%, while Beijing lowered taxes on Washington from 125% to 10%.
According to the agreement, these conditions would be maintained for three months while delegations from both countries negotiate a more lasting pact, although analysts say it probably will not guarantee a complete reconciliation between the two nations.
These new statements from Trump cast further uncertainty on the trade dialogue process between Beijing and Washington, which in recent days has announced that it will revoke visas for Chinese students with ties to the Communist Party of that country, something that could affect thousands of students in the U.S. and that China has called a “discriminatory” decision.
