We'll start with Axios with this headline: China accuses the U.S. of violating trade truce, vows forceful measures.
The article says this.
It's the latest sign of deteriorating relations between the two nations since their Switzerland meeting last month led to a deal to lower tariffs on each other for 90 days while they negotiated on trade.
President Trump accused Beijing on Friday of violating the agreement, one day after Treasury Secretary Scott Besant described negotiations as a bit stalled.
And here is that Truth Social post where this is from last Friday that prompted this response by China.
The president says this: Two weeks ago, China was in grave economic danger.
The very high tariffs I set made it virtually impossible for China to trade into the United States marketplace, which is by far number one in the world.
We went in effect cold turkey with China, and it was devastating for them.
Many factories closed, and there was, to put it mildly, civil unrest.
I saw what was happening and didn't like it for them, not for us.
I made a fast deal with China in order to save them from what I thought was going to be a very bad situation.
I didn't want to see that happen because of this deal.
Everything quickly stabilized, and China got back to business as usual.
Everybody was happy.
That is the good news.
The bad news is that China, perhaps not surprisingly to some, all caps, has totally violated its agreement with us.
So much for being Mr. Nice Guy.
Well, Treasury Secretary Scott Besant was interviewed on CBS's Face the Nation on Sunday, and this is what he said.
I'm confident that when President Trump and Party Chairman Xi have a call, that this will be ironed out.
So, but the fact that they are withholding some of the products that they agreed to release during our agreement, maybe it's a glitch in the Chinese system.
Maybe it's intentional.
We'll see after the president speaks with party chairman.
What I mean by that, I'm not afraid of them is that, Joe, China, first of all, they're not afraid of us either.
And, you know, going over there, you get the distinct impression that they are doing their thing.
They're putting a lot of money into AI, cars, robotics.
They're going to be 30 or 40% of new pharmaceuticals, sometime shortly.
They're going their way, you know, and but they have weaknesses.
They still have a lot of poverty.
They have a very tough neighborhood.
You know, a lot of their neighbors are rearming.
They have to deal with us.
We're still, you know, the most prosperous economy on the planet.
But my point, the thing I'm, I'm not afraid of them.
I'm afraid that we don't get our own act together internally.
If America just does our things right, deregulation, permitting, education, pro-business, grow the economy, help the lower-income folks by growing the economy, fixing immigration, allowing, eventually allowing good immigration in, we'll be in great shape.
We'll be the preeminent military and economy 30 or 40 years from now.
If we're not, the world would be a very different world than what we live in today.
That was on Fox Business, and this is CNBC about consumer confidence for May was much stronger than expected on optimism for trade deals.
It says that consumer optimism got a much-needed boost in May on hopes for trade peace between the U.S. and China.
According to a survey, the conference board's consumer confidence index leaped to 98.0, a 12.3 point increase from April, and much better than the Dow Jones consensus estimate of 86.0.
That is CNBC.
And here is Michael in Smithfield, North Carolina, Republican.
So, what do you think of the administration's tariff strategy?
unidentified
Well, that's one reason why I didn't want to go back to what we were doing eight years ago, but it has worked.
And there has been some people that ride away as far as countries.
What I mean by people is countries.
There were several countries right away that publicly admitted that they wanted to talk to us and try to work things out to where there was not such a deficit in the trade, you know.
And so I don't know about China.
You know, China's never going to be honest to any press because they suffocate any liberty and freedom of the press.
So if the White House is saying that China is working toward these goals that they're releasing to the media, you know, that the White House is informing the media these things.
And so one has to just have to take it with a grain of salt and at the same time just say, look, maybe it is true.
Because China would never admit anything that they're going to work with a capitalist country.
You know, it's all about respect and honor.
And I think you have to give some of these people respect if you don't.
And once again, people meaning countries.
And when you're talking countries, that could be a president that's actually duly voted in, or it could be someone that is a communist country where they're more likely or a dictator.
Well, I watched paper towels go up 50 cents from a dollar.
I've watched, I saw grapes the other day for $9.99 a pound.
Eggs have come down a little, but not that much.
Meat is outrageous.
Ground meat on sale is $8 a pound.
It is not cheap out there.
That's where all my money's going.
They say, economists say that it's going to cost the average taxpayer another $3,800 a year for this pain that we're supposed to be feeling.
While the president's out there gaining him and his family making deals with golf courses in the Middle East and Trump towers and meme coins and selling crazy stuff like shoes.
It says, Walmart quietly jacks up prices despite Trump's demand for the retailer to, quote, eat the tariffs.
It says that Walmart has quietly been hiking prices on items ranging from toys to office supplies, with some markups reportedly climbing more than 100% despite President Trump's demand for retailers to eat the tariffs.
Photos circulating online, particularly on the Walmart subreddit, have documented the dramatic price hikes since the White House imposed a 145% tariff on imports from China in early April before lowering the levy to 30% last month.
The price of toys, the bulk of which are made in China, were particularly impacted.
And there's a picture here of a fishing reel on sale at Walmart for $83.26.
That's what it says underneath here, the picture.
And it talks about some of the prices.
This is a Jurassic World T-Rex rose from $39 on April 27th to 55, an increase of nearly 38%.
And a babyborn doll jumped from $34.97 in March to $49.97 in May, which is roughly 43% rise.