In a recent social media post, Donald Trump accused China of violating a tariff truce agreed upon in Geneva, despite the initial optimism surrounding the deal. The president expressed disappointment over what he perceived as China's noncompliance, focusing specifically on critical minerals and rare Earth magnets. As a response to Trump's accusations, Wall Street indexes showed a decline, illustrating the market's sensitivity to trade tensions. US Trade Representative Jamieson Greer supported Trump's claims, highlighting ongoing concerns about China's compliance with the terms agreed upon in their deal.
I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn't want to see that happen.
We haven't seen the flow of some of those critical minerals as they were supposed to be doing—China continues to, you know, slow down and choke off things like critical minerals and rare Earth magnets.
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