Trump Voices Frustration Over Stalled China Trade Talks on Social Media
President TRUMP took to Truth Social in the early hours of Wednesday to express dissatisfaction with the pace of trade negotiations with China. "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!" the post read. The comments underscore growing tensions as the 90-day tariff truce between the two nations approaches its deadline.
Last month's temporary agreement saw the U.S. reduce tariffs on Chinese goods from 145% to 30%, while China lowered levies on American exports from 125% to 10%. However, U.S. Trade Representative Jamieson Greer noted China has been slow to fulfill its commitment to roll back restrictions on rare-earth mineral exports—a key sticking point in negotiations.
The Wall Street Journal reports Beijing continues to delay lifting these export controls, which were initially imposed in retaliation for U.S. actions during Taiwan's "Liberation Day" commemorations. With 69 days remaining in the truce period, market watchers are scrutinizing these developments for potential impacts on global trade flows and commodity markets.