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Trump Accuses China of Violating Trade Deal, Threatens Action
U.S. officials, including Trade Representative Jamieson Greer, echoed concerns and criticized China's alleged non-compliance with the deal.
U.S. officials, including Trade Representative Jamieson Greer, echoed concerns and criticized China's alleged non-compliance with the deal.
The tariffs aim to support U.S. domestic production and escalate ongoing tensions with the EU, which has paused previous countermeasures but may retaliate.
The Moody’s downgrade of U.S. debt and a budget impasse in Congress fueled market volatility, while rising bond yields and weak Treasury auctions added to investor anxiety.
Contentious provisions include $700 billion in Medicaid savings, food aid reforms, and a $4 trillion debt ceiling increase, sparking debate among Senate Republicans.
The downgrade may lead to higher borrowing costs, weaker demand for U.S. Treasuries, and cautious investor sentiment.
Immigrant-rights groups argue the agreement undermines trust, discourages tax filing, and sets a dangerous precedent for data-sharing in non-criminal matters.
Key unresolved issues include fentanyl regulation and broader trade imbalances, with future talks planned.
Tariffs as high as 145% (US) and 125% (China) have disrupted global trade, slowed economies, and hurt businesses in both nations.