“Sadly, it looks like China once again got the better of Trump. Another example of Trump chaos. He has one policy one day, one the next.
Senate Majority Leader Chuck Schumer (D-N.Y.) criticized the Trump administration’s latest trade agreement with China, calling it another example of presidential inconsistency.
“Sadly, it looks like China once again got the better of Trump. Another example of Trump chaos. He has one policy one day, one the next. Who knows what it’ll be tomorrow,” Schumer posted Monday on X.
His comments came after Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer announced a deal with Chinese officials to de-escalate trade tensions by slashing tariffs.
The agreement reduces U.S. duties on Chinese goods from 145% to 30%, while China cuts tariffs on American imports from 125% to 10%.
The move is aimed at creating a “trade consultation mechanism” and provides a 90-day pause to allow for further negotiation.
Stock markets reacted positively, with the Dow Jones rising nearly 1,000 points (2.2%), while the S\&P 500 and NASDAQ gained 2.5% and 3.4% respectively.