White House says Trump regrets not raising tariffs higher

1 / 3France G7 SummitU.S. President Donald Trump, left, is greeted by President of France Emmanuel Macron as he arrives to the G7 Summit in Biarritz, France, Saturday, Aug. 24, 2019. BIARRITZ, France — President Donald Trump's only regret in hiking tariffs on China is that he didn't raise them higher, his press secretary said Sunday after the president had earlier signaled some remorse for an escalating trade war with China.

Trump had been 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. Trump's counterparts, including 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.

The summit host said the two men were discussing"a lot of crisis" around the world, including Libya, Iran and Russia, as well as trade policy and climate change. But he also echoed Trump's calls for Europe to do more to address the global slowdown, including by cutting taxes."When I look at Europe, especially, we need some new tools to relaunch our economy," Macron said.

Macron, in recent months, has tried to play intermediary between the U.S. and Iran, as tensions flare over Iran's nuclear program and the Trump administration's increasingly restrictive sanctions on that country.

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