White House says Trump regrets not raising tariffs on China higher
Hours after President Trump said Sunday he had 'second thoughts' about escalating the trade war with China, the White House sought to explain his remark because it was 'greatly misinterpreted.'
@amanda_m_maciasKey PointsHours after President Donald Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was "greatly misinterpreted.""This morning in the bilat with the U.K., the president was asked if he had 'any second thought on escalating the trade war with China'. His answer has been greatly misinterpreted," White House spokeswoman Stephanie Grisham wrote in a statement.
President Donald Trump attends the first working session of the G7 Summit on August 25, 2019 in Biarritz, France.Jeff J Mitchell | Getty Images News | Getty ImagesSAINT-JEAN-DE-LUZ, France — Hours after President Donald Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was "greatly misinterpreted."
"This morning in the bilat with the U.K., the president was asked if he had 'any second thought on escalating the trade war with China'. His answer has been greatly misinterpreted. President Trump responded in the affirmative - because he regrets not raising the tariffs higher," White House spokeswoman Stephanie Grisham wrote in a statement.
The statement came hours after Trump held a bilateral meeting with British Prime Minister Boris Johnson at the G-7 in Biarritz, France. During the meeting,with China. Trump said, "Yup." The question was repeated and he added, "I have second thoughts about everything."
Last week, Trump said he wouldraise existing duties on $250 billion in Chinese products to 30%from 25% on Oct. 1. What's more, tariffs on another $300 billion of Chinese goods, which start to take effect on Sept. 1, will now be 15% instead of 10%.
The moves were the latest punches in a tit-for-tat trade war between the world's two largest economies that has spooked investors and raised fears that the global economy will dip into a recession.Trump downplayed those concerns saying "our country is doing really well, we had horrible trade deals and I'm straightening them out."Read more: CNBC »
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POTUS THINKS HE CAN RAISE TARIFFS ON THE CHINESE AND THEY WILL NOT RAISE TAXES ON U S PRODUCTS Really? Adding tariffs, this is wrong Snow me a leader that leads by emotions and I’ll show you a person who has zero idea how to lead. As we say in Texas, lying potus is “ all hat, no cattle” ! This experiment is over! Hey Trump, China ain’t no punk! Better respect them or you will settle for just a low ball deal!
You raise them now It’s not too late now to make the tariff rate 100% Great negotiating strategy. Raise the stakes!!🇺🇸 DisTrumpia six real world leaders who have a clue and realDonaldTrump Many voters, including myself, regret helping to put Bump in office to begin with! Regrets ? Why not increase them right now ? What prevents him to do add another 20 or 30% ? Why not increase them to 100% since China is paying ?
Tariffs are not “on China”. They are on US consumers. Dumb question: Why isn’t China in the G7? Isn’t their economy currently 2? Like a little child at the colouring book table at day care, he's got that sparkle in those little piggy eye's. Is this the conclusion of the G7 meeting? moo I just want those that said don’t worry about China and that a deal would be done by the summer of 2018 to acknowledge we’ve reached the point of no return. Global PMI’s are rolling over and US GDP slowing. Not a great setup for 2020.
I’m flipping hi the damn bird. He is destroying the world economic system while the world watch. For him it is child play. How horrible! I agree. It should have been HIGHER He needs to contact Wharton and ask for his money back on his degree because obviously he doesn’t know anything about Global Trade.
Hey, nobody is stopping them. Do it! Guess that chicken little shit Trump too scare to open his mouth now, the Stock melt down was too much to handle. The founder of McDonald's in Japan was donating to the Japanese Communist Party. It seems that North Korea ’s arms were also expanded.
President Trump meeting with trade team at White House amid tweetstorm that rocked marketsStocks dropped after Donald Trump ordered that U.S. companies find alternatives to their operations in China. 50% tariffs on everything China... let's see it! 👀👀👀👀📉📉📉 Another 50% haircut for the markets? Coming soon? How about they just forcefully remove his ass already? 25thAmendmentNow
White House Says Trump Regrets Not Raising Tariffs HigherThe White House doubled down on President Trump’s commitment to the U.S. trade war with China after the president appeared to show a glimmer of regret about escalating trade tensions at the Group of Seven summit. This chain of events was predicted by slickenteur months ago and this Kashmir situation also unfolded as she predicted. Must follow her, she does brilliant political and analysis. To me it looks like we are back at the cold war brinkmanship game played this time with customs tariffs. good thing they are not playing it with nuclear arsenals. at least not for now.
White House says Trump regrets not raising tariffs higherBIARRITZ, France (AP) — 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... I hope that this goes well. But! It can turn into a real disaster for the country. Again, where do they find these people? Dementia
White House says Trump regrets not raising tariffs higherPresident Donald Trump&39;s only regret in hiking tariffs on China is that he didn&39;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 Liar liar pants on fire
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