Former U.S. President Donald Trump accused China of breaking a tariff agreement with the United States. Trump's statement on Truth Social lamented China's breach and dismissed his previous diplomatic approach as naive.

Trump administration officials are getting a second chance to try to sever ties with China by starting a trade war, imposing export controls and revoking student visas.

U.S.-China trade talks in Geneva resulted in a temporary slash of tariff rates, but the ripple effect of this tit-for-tat escalation won’t disappear anytime soon.