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Chinese President Xi Jinping and U.S. President Donald Trump.
Dan Kitwoodnicholas Kamm | Afp | Getty Images
President Donald Trump on Friday accused China of violating a preliminary trade agreement with the United States.
Trump made the claim in a social media post a day after Treasury Secretary Scott Bessent said that trade talks with China "are a bit stalled."
Stock futures fell Friday morning on the heels of Trump's statement.
The U.S. and China on May 12 agreed to a 90-day suspension on most tariffs imposed on each other's imports. The agreement came after Trump slapped sky-high tariffs on imports from China into the U.S., and China retaliated in kind.
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