India, May 30 -- The pound fell against its major counterparts in the New York session on Friday, as trade tensions escalated after the U.S. President accused China of violating trade agreement reached earlier this month.
Trump said in a social media post that China had "totally violated" its agreement with the US.
"Everybody was happy! That is the good news!!!" Trump said. "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!"
Trump's claim comes after Treasury Secretary Bessent said in a Fox News interview on Thursday that U.S.-China trade talks "are a bit stalled."
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