But in a news conference, Trump was buoyant, telling reporters that his decision to increase tariffs was"a very positive step."
"That is a tremendous amount of money that would come into our country," Trump said."I have not made that decision yet."Economists say the US-China trade war will weigh on the global economy, which is already forecast to slow this year. "China will never surrender to external pressure," foreign ministry spokesman Geng Shuang said at a regular briefing on Monday.
"China may stop purchasing US agricultural products and energy, reduce Boeing orders and restrict US service trade with China," Hu Xijin, editor of China's party-owned Global Times, tweeted. But US Treasury Secretary Steven Mnuchin told reporters on Monday he believed China would continue to buy US debt.
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