US President Donald Trump has accused China of violating a recently agreed tariff de-escalation pact, signaling renewed tensions between the world’s two largest economies.
In a post on Truth Social Friday, Trump claimed that China “HAS TOTALLY VIOLATED ITS AGREEMENT WITH US,” without providing further details. His statement followed US Treasury Secretary Scott Bessent’s remark that trade negotiations with Beijing were “a bit stalled.”
The two sides had agreed during talks in Geneva earlier this month to temporarily ease punitive tariffs for 90 days. However, US officials say Beijing is slow-walking key commitments — particularly around export licenses for rare earths and critical materials essential for car and chip production.
“The Chinese are slow-rolling their compliance, which is completely unacceptable,” US Trade Representative Jamieson Greer told CNBC. He emphasized continued delays in the export of critical minerals and noted the persistent US trade deficit with China.
According to the Wall Street Journal, China’s reluctance to resume rare earth exports — a central component of the agreement — has fueled Washington’s frustration.
Trump’s Deputy Chief of Staff Stephen Miller stated that Beijing’s failure to meet its obligations “opens up all manner of action for the United States to ensure future compliance.”
Despite tensions, Trump said he expects to speak with Chinese President Xi Jinping, adding, “Hopefully we’ll work that out.”
The uncertainty impacted US financial markets, which closed mixed Friday amid fears of a renewed trade confrontation.
Meanwhile, Washington is pursuing talks with other key partners. Greer confirmed “intensive negotiations” with Malaysia, Vietnam, and the EU, ahead of upcoming OECD discussions. A possible deal with Japan is also progressing, with another round of talks expected before mid-June, according to Kyodo News.
Domestically, Trump’s tariff strategy is facing legal hurdles. A US federal trade court recently ruled that he overstepped his authority in imposing sweeping tariffs, though the decision has been temporarily stayed pending appeal. Sector-specific tariffs on steel and automobiles remain unaffected.
Since returning to the presidency, Trump has reimposed sweeping tariffs on global trading partners, with the latest US-China measures reaching triple digits before the Geneva pause. The US had agreed to lower additional tariffs from 145% to 30%, while China reduced its own from 125% to 10%.
Notably, a 20% US tariff remains in place over accusations that China is tied to the global illicit drug trade — an allegation Beijing denies.
The elevated tariffs have led many businesses to halt shipments while awaiting clarity on the future of US-China trade policy.
LND/BG
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