Stocks and crypto lost a little bit of ground on Friday as President Donald Trump accused China of violating a recent trade agreement.

Trump says on Truth Social that he had previously decided to make a deal with China because his tariffs were plunging the Asian giant into “grave economic danger.”

But according to Trump, his efforts did not pay off, as he says China breached a deal with the United States.

“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, and I didn’t want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual….