Just two weeks after striking a deal with China, Trump accused the country of completely violating the agreement, raising concerns about the future of trade relations and market stability. His comments followed Treasury Secretary Scott Bessent's remarks on stalled negotiations. The White House has not clarified the specifics of the stalled discussions, contributing to market volatility, with US stocks turning negative. Investors had recently shown relief with a court's ruling against broad tariffs, but a quick federal pause on that ruling returned uncertainty.
Trump's declaration that China has "totally violated its agreement" just weeks after the new trade deal raises apprehensions over the future of US-China trade relations.
The White House's lack of specific details about the stalled trade talks contributes to the ongoing uncertainty, leading to negative impacts on US stock markets.
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