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BlockNews
Home FINANCE

Trump Says He’s Done Playing ‘Mr. Nice Guy’ in Escalating US-China Trade War

Michael Juanico by Michael Juanico
May 30, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 3 mins read
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  • Trump accused China of violating their trade truce, reigniting tensions and spooking markets.
  • U.S. officials pointed to China restricting critical mineral exports as a likely trigger.
  • The Dow, S&P 500, and NASDAQ all dipped following Trump’s post and stalled trade talks.

President Donald Trump fired off another explosive Truth Social post on Friday, accusing China of “totally violating” a trade agreement with the U.S.—and markets didn’t take it well. Stock futures dipped shortly after the post, as investors braced for what could be the next chapter in an already unpredictable tariff war.

🚨 TRUMP ADMINISTRATION: CHINA’S BEHAVIOR IS “COMPLETELY UNACCEPTABLE” https://t.co/r4eGxasqB3 pic.twitter.com/URvFj9w8Jt

— BlockNews (@blocknewsdotcom) May 30, 2025

In the post, Trump claimed he had “saved” China by cutting a quick deal to avoid economic collapse on their side after slapping 145% tariffs on Chinese goods back in April. China responded with its own steep 125% tariffs on U.S. imports. Then earlier this month, both countries agreed to a 90-day tariff truce, dialing things down to 30% and 10%, respectively. That brief moment of calm? Yeah, it’s over.

“So Much for Being Mr. NICE GUY!”

Trump’s frustration boiled over: “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 wrote. He didn’t clarify exactly what part of the deal China allegedly broke, but officials hinted at one possible trigger—rare earth minerals.

On CNBC Friday morning, U.S. Trade Rep Jamieson Greer claimed China is “choking off” critical exports that the U.S. relies on. Treasury Secretary Scott Bessent also admitted negotiations are, well, stalled. Meanwhile, analysts say China’s restrictions on key materials like rare earth elements could be part of the dispute.

Tariff Drama, Markets React—and a Little Extra Spice

The fallout wasn’t catastrophic, but it was noticeable. The Dow dropped 0.12%, while the S&P 500 and NASDAQ slipped 0.46% and 0.81%, respectively. “Not massive, but a real directional shift,” said CNN’s Matt Egan.

It also didn’t help that Trump had already been in the spotlight this week for clashing with a reporter over the now-viral nickname “TACO”—short for “Trump Always Chickens Out.” The term, cooked up by a Financial Times columnist and picked up by Wall Street traders, jabs at Trump’s tendency to threaten tariffs… then backpedal when markets start shaking.

Donald J. Trump Truth Social 05.30.25 08:09 AM EST

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…

— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) May 30, 2025

But this time, Trump seems more fired up than usual. With talks frozen and new measures potentially on the table—including more tariffs and even visa restrictions—the U.S.-China trade saga looks like it’s heating up again. Whether this is a real pivot or just another bluff? Markets will be watching closely.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: ChinaDonald TrumpJamieson GreerTariffs
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Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

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