U.S. President Donald Trump has accused China of violating a trade agreement reached in Geneva on May 11, 2025, which established a 90-day truce to reduce tariffs between the two countries. Under the agreement, the United States lowered tariffs on Chinese imports from 145% to 30%, and China reduced its tariffs on U.S. goods from 125% to 10%. Trump stated that, prior to the agreement, high U.S. tariffs had severely impacted China's economy, leading to factory closures and civil unrest. He claimed that a 'quick deal' was made to stabilize the situation, but now alleges that China has 'totally violated' the terms, without specifying which provisions were breached. U.S. officials have expressed concerns about China's compliance, particularly regarding the flow of critical minerals and rare earths. U.S. Trade Representative Jamieson Greer described China's 'slow-rolling' of compliance as unacceptable and noted that the U.S. trade deficit with China remains substantial. Following Trump's accusations, major U.S. stock indexes declined on May 30, 2025: the S&P 500 fell 0.46%, the Dow Jones dropped 0.12%, and the Nasdaq lost 0.81%. Technology stocks, including Nvidia, were among the hardest hit, with Nvidia shares down 2.4%. Legal uncertainty continues as a U.S. federal trade court ruled that the president had overstepped his authority in imposing sweeping tariffs, but an appeals court has temporarily reinstated most of them pending further review.