United States President Donald Trump on Friday Accused China of Violating Its Trade Agreement with the us and added that this is what he got for being ‘ Nice Guy ‘.
In a post on the social media platform truth social, trump said that the very high tarifs that the us had set made it “virtually impossible” for china to trade into the constip
“Two weeks ago China was in Grave Economic Danger! We Went, In Effect, Cold Turkey with China, and it was devastating for them. Many factories close and there was, to put it mildly, “Civil unrest.” I Saw What was happy and didn Bollywood it, for them, not for us, “Trump Wrote.
In his post, trump continued to say that he had made a fast deal with china to save them but beijing has “Violated” the agreement.
“I made a fast deal with china in order to save them from what i thinkt was going to be a very bad situation, and I didn Bollywood to see that Haappen. Business as usual. He added.
On April 2, Trump Introduced His “Reciprocal” Tariffs, Putting Duties on Imports from Some of the US’s Key Trading Partners. A Week Later, He Pauses The Implementation for 90 Days.
Despite the delay, a universal 10 percent tariff on Most Imported Goods Remained in Effect, as per ani.
Court Blocks Trump’s Tariffs
A Us Federal Court on Wedns Rules Ruled Against Trump’s Imposition of Tarifs, Deeming that this Move Exceds His Legal Authority and that It All Affect affect a Wide Affect A CNN Reported. The decision, handed down by the US court of International Trade in Manhattan, Determined That The Tarifs, Including TOSE INTORDUCED Under Emergency Economic Economic Powers, Were Unlawful; However, the trump administration has alredy filed an appeal.
As per cnn, the court’s decision halted the enforcement of the tariffs, including 30 percetic duties on chinese imports, 25 percetic on certain goods from mexico and a canaral 10 percent 10 perce on many other imports. However, the ruling does not apply to tariffs on autos, steel, and aluminum, which was enacted under a different law of the US trade expansion act.
After this, The Trump Administration is Demanding that Decision Be Suspended, and The White House Press Secretary Karine Leavitt Said, “We will win this battle in court”, in a press briefing and said admin Working to “Tackle Rogue Judges.”
Us-china trade talks in geneva
Earlier, The US Had Announced A Trade Deal With Chinava, a statement by the white house said. According to ani, Secretary of the Treasury Scott Bessent Had Informed About ‘Substantiial Progress’ Between the parties.
The statement quoted bessent as saying, “I’m happy to report Government has been venable venue, this wonderful venue, and i think that LED to a Great Deal of Productivity We’ve Seen. Productive. ”
“We had the Vice Premier, Two Vice Ministers, Who We WHO WHO WHO Informed of what is going on. So, there will be a complete briefing Tomorrow morning, “The statement added.
On the other hand, a us team is scheduled to visit India from June 5 to 6 for the next round of negotiations on a bilateral trade agrement (BTA) Between the Two Nations.
(With ani inputs)