Donald Trump said on Truth Social that China has “totally violated” its trade agreement, ending what he calls the “stable” phase for Beijing. The post, published at 8:09 AM ET on Friday, warns that the United States is “no longer Mr. Nice Guy.”
A few minutes later, stock futures declined. At 8:13 AM Eastern Time, the Dow Jones Industrial Average futures fell 0.6% to 41,961, the S&P 500 decreased 0.7% to 5,870, and the Nasdaq-100 dropped 0.8% to 21,196, according to data shared by The Kobeissi Letter. The Russell 2000 small-cap index lost 0.9%.
Bitcoin, which had risen above $106,000 during trading hours in Asia, has dropped to $105,400 after these remarks, ending the previous rally.
This statement was made two weeks after Trump said that U.S. tariffs had pushed China to the brink, causing factories to close and creating “civil unrest” before a “quick deal” was said to restore the flow of trade.
No detailed information about the violations, civil unrest, or factory closures has been provided, and Beijing has not responded up to the time of publication.
The market sees the new trade tensions as a barrier to global demand. Bitcoin’s movements highlight this asset’s ongoing sensitivity to macro headlines as it consolidates near its all-time highs.
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