The tariff-related whiplash continues as President Donald Trump now says trade talks with China are back on, one week after accusing the Chinese government of violating a previous agreement.
Trump says Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer will meet with Chinese representatives in London on Monday to discuss the trade deal.
“The meeting should go very well. Thank you for your attention to this matter!”
The Trump Administration announced multiple waves of tariffs on China in early April, which China responded to with retaliatory measures. Last month, the White House announced that it had reached a deal with China to suspend and lower many of those tariffs, which kickstarted the equities market.
But last week, Trump claimed on Truth Social that China breached the terms of the deal.
“I saw what was happening and didn’t like it, for them, not for us. 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 the US. So much for being Mr. NICE GUY!”
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