Trump signals some regret on China trade war

Trump is trying to use the conference to rally global leaders to do more to stimulate their economies, as fears rise of a potential slowdown in the U.S. ahead of his reelection. But Trump’s counterparts, including British Prime Minister Boris Johnson are trying to convince him to back off his trade wars with China and other countries, which they see as contributing to the economic weakening.

Trump told reporters he has “no plans right now” to follow through on his emergency declaration threat, but insisted he would be within his rights to use a 1977 law used to target rogue regimes, terrorists and drug traffickers as the newest weapon in the clash between the world’s largest economies Trump planned to press leaders about what can be done to spur growth in the U.S. and abroad, as well as to open European, Japanese and Canadian markets to American manufacturers and producers. Trump has imposed or threatened to impose tariffs on all three markets in his pursuit of free, fair and reciprocal trade.

Trump disputed reports Sunday of tensions with other G7 leaders, saying in a Sunday morning tweet that, “The Leaders are getting along very well.”

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S.-China trade war deteriorates, as Trump lashes out at BeijingChina retaliates and takes action against $75 billion in American goods, while the United States fires back again by increasing tariffs on $550 billion in Chinese products.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

US-China trade war deteriorates, as Trump lashes out at Beijing
Source: ANCALERTS - 🏆 26. / 50 Read more »

China and the US ratchet up trade war in a day of retaliationThe US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods.
Source: CNN Philippines - 🏆 13. / 63 Read more »

China hits out at ‘bullying’ US over new tariffs
Source: ABSCBNNews - 🏆 5. / 83 Read more »

Gun parts from China intercepted by NAIA customsTwenty rifle handguards and 6 handguard locks were intercepted by a Ninoy Aquino International Airport (NAIA) Customs examiner inside a package from Shanghai, China.
Source: manilabulletin - 🏆 25. / 51 Read more »

China frees consulate staff as HK protesters target lamppostsChinese police said they released an employee at the British Consulate in Hong Kong as the city’s pro-democracy protesters took to the streets again, this time to call for the removal of “smart lampposts” that raised fears of stepped-up surveillance. | AP
Source: inquirerdotnet - 🏆 3. / 86 Read more »