White House says Trump Regrets not Raising Tariffs on China Higher
Holy person JEAN-DE-LUZ, France — Hours after President Donald Trump said Sunday he had “apprehensions” about heightening the exchange war with China, the White House looked to clarify his comment since it was “enormously misconstrued.”
“At the beginning of today in the bilat with the U.K., the president was inquired as to whether he had ‘any qualm on raising the exchange war with China’. His answer has been enormously misconstrued. President Trump reacted in the certifiable – in light of the fact that he laments not raising the levies higher,” White House representative Stephanie Grisham wrote in an announcement.
The announcement came hours after Trump held a two-sided meeting with British Prime Minister Boris Johnson at the G-7 in Biarritz, France. During the gathering, Trump was inquired as to whether he had misgivings about heightening the exchange war with China. Trump stated, “That is correct.” The inquiry was rehashed and he included, “I have doubts about everything.”
A week ago, Trump said he would raise existing obligations on $250 billion in Chinese items to 30% from 25% on Oct. 1. In addition, taxes on another $300 billion of Chinese products, which begin to produce results on Sept. 1, will currently be 15% rather than 10%.
The moves were the most recent punches in a blow for blow exchange war between the world’s two biggest economies that has frightened financial specialists and raised feelings of dread that the worldwide economy will plunge into a retreat.
Trump made light of those worries saying “our nation is doing truly well, we had loathsome economic agreements and I’m rectifying them.”
