China, Boris Johnson

China, Boris Johnson

White House says Trump regrets not raising tariffs higher

Trump told reporters when asked if he has second thoughts about escalating the conflict, adding he has 'second thoughts about everything.' But hours later, the White House press secretary said Trump was 'greatly misinterpreted'

25.8.2019

Trump told reporters when asked if he has second thoughts about escalating the conflict, adding he has 'second thoughts about everything.' But hours later, the White House press secretary said Trump was 'greatly misinterpreted'

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 faced a tense reception from world leaders meeting amid mounting

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.

Trump has scheduled individual meetings with several of his counterparts, including Macron, Trudeau, Merkel, Abe and Indian Prime Minister Narendra Modi.

Read more: Yahoo News

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