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 ‘Mr. NICE GUY’.
In a post on the social media platform Truth Social, Trump said that the very high tariffs that the US had set made it “virtually impossible” for China to trade into the country’s marketplace.
“Two weeks ago China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World. We went, in effect, COLD TURKEY with China, and it was devastating for them. Many factories closed and there was, to put it mildly, “civil unrest.” I saw what was happening and didn’t like 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 thought was going to be a very bad situation, and I didn’t want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!” 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 paused the implementation for 90 days.
Despite the delay, a universal 10 percent tariff on most imported goods remained in effect, as per ANI.
A US federal court on Wednesday ruled against Trump’s imposition of tariffs, deeming that this move exceeds his legal authority and that it would affect a wide range of imported goods, according to ANI, CNN reported. The decision, handed down by the US Court of International Trade in Manhattan, determined that the tariffs, including those introduced under emergency economic powers, were unlawful; however, the Trump administration has already filed an appeal.
As per CNN, the court’s decision halted the enforcement of most of the tariffs, including the 30 percent duties on Chinese imports, 25 percent on certain goods from Mexico and Canada, and a general 10 percent tariff on many other imports. However, the ruling does not apply to tariffs on autos, steel, and aluminium, which were enacted under a different law of the US Trade Expansion Act.
After this, the Trump administration is demanding that the 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 the administration is working to “tackle rogue judges.”
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