Vote!

White House: Trump Wishes He'd Boosted China Tariffs Higher

U.S. President Donald Trump said Sunday he had "second thoughts" about escalating his reciprocal tariff war with China, but the White House quickly clarified that he meant that was because he did not raise the taxes even more than he did.Last week, before heading to France for the Group of 7 summit of the leaders of some of the world's leading economies, Trump boosted tariffs on $550 billion worth of Chinese products shipped to the United States after Beijing said it would raise tariffs on $75 billion worth of U.S. exports to China, which itself was in retaliation to an earlier Trump tariff hike.U.S. President Donald Trump, left, and Britain's Prime Minister Boris Johnson attend a working breakfast at the Hotel du Palais on the sidelines of the G-7 summit in Biarritz, France, Aug. 25, 2019.On Sunday, as he sat down to a breakfast meeting with new British Prime Minister Boris Johnson, a reporter asked Trump whether he regretted the tit-for-tat tariff war with China. Trump responded, "Yeah, sure. Why not.""Might as well," he said. "Might as well. I have second thoughts about everything."When asked if he would declare a national emergency to block U.S. companies from buying Chinese goods, Trump said, "I have the right to, if I want."But Trump then claimed that trade talks were going well with China and that he planned to walk back some of his recent threats, such as seeking to force American companies to leave China.News stories from the site of the summit in the Atlantic coastal town of Biarritz quickly interpreted Trump's "second thoughts" remark as having regrets about boosting tariffs on Chinese exports.The international attention the remark drew came in part because Trump has been defiant in confronting China's trade practices and its wide trade surplus with the U.S., which totaled... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, White House: Trump Wishes He'd Boosted China Tariffs Higher, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you White House: Trump Wishes He'd Boosted China Tariffs Higher

 

 

Posted:

 

Read full story...

 

Published By: VOA NEWS - Sunday, 25 August

 

 

Thailand News Phuket News  /  Asian Travel News South Korea - Malaysia - Singapore - China - Philippines - Laos - Burma - Cambodia - Vietnam - Indonesia

 

 

 

 

 BACK TO: Phuket Hotel Deals - Phuket Flights - Phuket Travel Articles - Phuket News - Phuket Real Estate - Asia Jobs