On May 30, 2025, U.S. President Donald Trump accused China of "totally violating" a recently established trade agreement between the two nations. This agreement, reached on May 12, aimed to ease escalating trade tensions by significantly reducing tariffs for 90 days. Under the accord, the U.S. agreed to lower tariffs on Chinese goods from 145% to 30%, while China committed to reducing its tariffs from 125% to 10%, with changes effective by May 14 .
President Trump expressed frustration over China's alleged non-compliance, particularly highlighting concerns over critical minerals. U.S. Trade Representative Jamieson Greer corroborated these concerns, citing China's failure to resume exports of rare-earth magnets, which are vital for electric motors . Treasury Secretary Scott Bessent acknowledged that trade negotiations have stalled but indicated that a new round of talks and a possible call between President Trump and Chinese Party Chair Xi Jinping may occur in the coming weeks
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